---
schema_version: "secwatch.filing_event.v1"
accession: "0000071829-25-000105"
form_type: "8-K"
ticker: "NPKI"
cik: "0000071829"
company_name: "NPK International Inc."
filed_at: "2025-06-23T23:59:59+00:00"
generated_at: "2026-05-19T00:29:28.821123+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# NPK International enters $150M senior secured revolving credit facility, replacing prior agreement

## Summary
- New $150M revolving credit facility with Bank of America as agent; matures June 20, 2030.
- Facility includes $10M letter of credit sublimit and $15M swingline sublimit; up to $100M accordion available.
- Interest rates: Term SOFR + 1.75% initial margin, Base Rate + 0.75%; margins step up with leverage ratio.
- Financial covenants: maximum Consolidated Leverage Ratio 3.00:1.00 and minimum Fixed Charge Coverage 1.25:1.00.
- Facility replaces prior Second Amended and Restated Credit Agreement dated May 2, 2022.

## SEC filing metadata
- accession: 0000071829-25-000105
- form_type: 8-K
- ticker: NPKI
- cik: 0000071829
- company_name: NPK International Inc.
- filed_at: 2025-06-23T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/71829/000007182925000105/0000071829-25-000105-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/71829/000007182925000105/nr-20250620.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000071829-25-000105
- JSON: https://secwatch.observer/filing/0000071829-25-000105.json
- Plain text: https://secwatch.observer/filing/0000071829-25-000105.txt

## Key facts
- Debt Financings
  NPK International Inc. incurred revolving credit of $150 million with Bank of America, N.A., as administrative agent, swingline lender and a letter of credit issuer at Term SOFR rate plus a per annum applicable margin maturing June 20, 2030.
  - Instrument: revolving credit
  - Principal: $150 million
  - Counterparty: Bank of America, N.A., as administrative agent, swingline lender and a letter of credit issuer
  - Rate: Term SOFR rate plus a per annum applicable margin
  - Maturity: June 20, 2030
  - Event: incurrence
  source text: On June 20, 2025, NPK International Inc., a Delaware corporation (the “Company”), as borrower, and certain of its subsidiaries, as guarantors, entered into a credit agreement (the “Credit Agreement”) with Bank of America, N.A., as administrative agent, swingline lender and a letter of credit issuer, and a group of lenders, including Bank of America, N.A. The Credit Agreement provides for a senior secured revolving credit facility with aggregate commitments of $150 million (the “Facility”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/71829/000007182925000105/0000071829-25-000105-index.htm

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