Loan & DebtAug 6, 2026, 06:12 AM
Karman Holdings Reduces Loan Interest Rates by 50 Bps
AI Summary
Karman Holdings Inc. entered into a Fifth Amendment to its Credit Agreement on August 3, 2026. This amendment refinanced $763.96 million in existing term loans, reducing the interest rate by 50 basis points to SOFR plus 2.25%. Additionally, the interest rate applicable to its revolving credit facility was also reduced by 50 basis points, with the highest level now set at SOFR plus 2.00%.
Key Highlights
- Entered Fifth Amendment to Credit Agreement on August 3, 2026.
- Refinanced $763,961,000 in existing term loans.
- Reduced term loan interest rate by 50 basis points to SOFR + 2.25%.
- Reduced revolving credit facility interest rate by 50 basis points.
- Highest revolving credit facility rate now SOFR + 2.00%.
- New term loans will have quarterly payments of 0.25% of principal.
Price Impact
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