Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
SPX Technologies, Inc. incurred term loan of $300.0 million with Bank of America, N.A., as administrative agent, and the lenders party thereto at Term SOFR rate plus 0.10%, plus an applicable margin percentage maturing August 12, 2027.
- Instrument
- term loan
- Principal
- $300.0 million
- Counterparty
- Bank of America, N.A., as administrative agent, and the lenders party thereto
- Rate
- Term SOFR rate plus 0.10%, plus an applicable margin percentage
- Maturity
- August 12, 2027
- Event
- incurrence
Exact text from the filing
The Incremental Amendment provides for additional senior secured term loans in the aggregate amount of $300.0 million (the “Incremental Term Loans”)
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
SPX Technologies, Inc. amended Incremental Amendment with Bank of America, N.A., as administrative agent, and the lenders party thereto valued at $300.0 million (effective 2023-04-21).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Bank of America, N.A., as administrative agent, and the lenders party thereto
- Value
- $300.0 million
- Effective
- 2023-04-21
Exact text from the filing
On April 21, 2023 (the “Incremental Amendment Effective Date”), SPX Enterprises, LLC (“SPXE”), a wholly owned subsidiary of SPX Technologies, Inc. (the “Company”), as the U.S. borrower, entered into an Incremental Facility Activation Notice (the “Incremental Amendment”) with Bank of America, N.A., as administrative agent (the “Administrative Agent”), and the lenders party thereto, which amends the Amended and Restated Credit Agreement, dated as of August 12, 2022 (as amended, the “Credit Agreement”), among the Company, as parent, SPXE, as the U.S. borrower, the foreign subsidiary borrowers party thereto, the lenders party thereto, Deutsche Bank AG, as foreign trade facility agent, and the Administrative Agent. The Incremental Amendment provides for additional senior secured term loans in the aggregate amount of $300.0 million
View on SEC.gov