---
schema_version: "secwatch.filing_event.v1"
accession: "0000008947-22-000056"
form_type: "8-K"
ticker: "AZZ"
cik: "0000008947"
company_name: "AZZ INC"
filed_at: "2022-05-16T23:59:59+00:00"
generated_at: "2026-06-25T16:02:47.889517+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# AZZ completes $1.283B acquisition of Sequa Mezzanine; funds with $1.3B term loan and $240M convertible notes

## Summary
- Acquired all membership interests of Sequa Mezzanine for $1,283,000,000 (Precoat purchase price).
- Entered new $1.3B term loan ($400M revolver) with 4.25% interest; matures 2029/2027.
- Issued $240M 6.00% convertible subordinated notes due 2030 to Blackstone; exchangeable into Series A Preferred.
- Blackstone receives board seat; David M. Kaden appointed as initial designee.
- Terminated 2021 credit facility; will redeem $150M senior notes (2.77% and 3.17%) at make-whole.

## SEC filing metadata
- accession: 0000008947-22-000056
- form_type: 8-K
- ticker: AZZ
- cik: 0000008947
- company_name: AZZ INC
- filed_at: 2022-05-16T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.01, 5.02, 1.02, 2.03, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/8947/000000894722000056/0000008947-22-000056-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/8947/000000894722000056/azz-20220513.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000008947-22-000056
- JSON: https://secwatch.observer/filing/0000008947-22-000056.json
- Plain text: https://secwatch.observer/filing/0000008947-22-000056.txt

## Key facts
- Executive change
  David M. Kaden was appointed as Director at AZZ INC.
  - Action: appointed
  - Role: Director
  source text: the Board appointed David M. Kaden to serve as a member of the Board, with his initial term expiring at the Company’s 2022 annual meeting of shareholders.
  evidence_url: https://www.sec.gov/Archives/edgar/data/8947/000000894722000056/0000008947-22-000056-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.