DMC Global Inc. (BOOM): debt financing — DMC Global closes $300M senior secured credit facility, extends maturity to 2029

DMC Global Inc.

New $300M facility includes $200M revolver, $50M term loan, $50M delayed draw term loan, replacing $200M prior facility.
Proceeds will refinance existing debt and support potential acquisition of remaining 40% of Arcadia Products (put/call option exercisable Dec 2024, est. ~$163M).
Maturity extended to February 6, 2029; covenants set max leverage ratio at 3.00x and min debt service coverage at 1.25x.
Leverage ratio currently 1.25x; expected ~2.0x if Arcadia minority interest is purchased.
Company pursuing strategic alternatives for DynaEnergetics and NobelClad businesses to focus on architectural framing.

item 1.01 item 2.03 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

DMC Global Inc. amended credit facility of $300 million with KeyBank National Association maturing February 6, 2029.

Instrument: credit facility
Principal: $300 million
Counterparty: KeyBank National Association
Maturity: February 6, 2029
Event: amendment

Exact text from the filing

(the “Credit Agreement”). The First Amendment provides for certain changes to the Credit Agreement, including an increase in the maximum commitment amount from $200 million to $300 million, which includes a $200 million revolving credit facility, a $50 million term loan facility, and a $50 million delayed draw term loan facility. The Credit Agreement, as amended by

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

DMC Global Inc. amended First Amendment with syndicate of banks, led by KeyBank National Association (effective 2024-02-06).

Action: amendment
Agreement: credit facility
Counterparty: syndicate of banks, led by KeyBank National Association
Effective: 2024-02-06

Exact text from the filing

On February 6, 2024, DMC Global Inc. (the “Company”) and certain domestic subsidiaries entered into an amendment (the “First Amendment’) to its existing credit agreement with a syndicate of banks, led by KeyBank National Association (the “Credit Agreement”).

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299 debt financings filed in the last 30 days. Browse all debt financings →

DMC Global Inc. filing history →

Source: SEC EDGAR

accession 0000034067-24-000010

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