secwatch.observer — SEC 8-K summary
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Issuer:     ENERPAC TOOL GROUP CORP (EPAC)
CIK:        0000006955
Form:       8-K
Filed at:   2022-09-15T23:59:59+00:00
Accession:  0000006955-22-000028
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/6955/000000695522000028/0000006955-22-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/6955/000000695522000028/epac-20220909.htm
  HTML page:      https://secwatch.observer/filing/0000006955-22-000028

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