Loan & DebtJun 12, 2026, 03:06 PM
AMETEK Inc. Secures $7.5B in New Credit Facilities
AI Summary
AMETEK, Inc. has significantly restructured its debt facilities, entering into an Amended and Restated Credit Agreement that increases its revolving credit commitments to $3.5 billion and extends the maturity to June 9, 2031. Concurrently, the company secured a new $4.0 billion Term Loan Credit Agreement, comprised of three tranches, which will be used to fund the previously announced acquisition of Indicor Holdings, LLC. These new facilities replace previously arranged bridge financing.
Key Highlights
- AMETEK Inc. amended and restated its revolving credit facility, increasing commitments from $2.3B to $3.5B, extending maturity to June 9, 2031.
- The company also entered into a new Term Loan Credit Agreement for up to $4.0B, consisting of three tranches maturing in 3, 4, and 5 years.
- The $4.0B term loan facility is subject to customary conditions, including the consummation of the Indicor Acquisition.
- Proceeds from the revolving loans can be used for the Indicor Acquisition, refinancing debt, working capital, and general corporate purposes.
- Proceeds from the term loans are exclusively for the Indicor Acquisition and associated costs.
- The company terminated $5.0B in bridge financing commitments due to the new credit facilities.
Price Impact
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