Enerpac enters $600M credit facility: $400M revolver and $200M term loan, maturing 2027

ENERPAC TOOL GROUP CORP

Revolver sublimit of $200M for foreign currency; term loan amortizes quarterly starting at $0.625M.
Interest at adjusted term SOFR + 1.125%, with spread ranging 1.125%-1.875% based on leverage.
Covenants: net leverage ratio ≤3.75x (4.25x for acquisition periods), interest coverage ≥3.00x.
Prior $600M facility with JPMorgan terminated and fully repaid.
Company may request up to $300M additional increments subject to lender commitments.

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