secwatch.observer — SEC 8-K summary
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Issuer:     IDEX CORP /DE/ (IEX)
CIK:        0000832101
Form:       8-K
Filed at:   2022-11-02T23:59:59+00:00
Accession:  0000832101-22-000059
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IDEX amends credit agreement to $800M revolver, adds $200M term loan for Muon acquisition
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- Revolving credit facility increased to $800M with maturity extended to November 1, 2027.
- New $200M term loan facility available until March 3, 2023, to fund portion of Muon Group B.V. acquisition.
- Up to $100M letters of credit and $50M swing line loans; option to increase commitments by up to $400M.
- Interest based on base rate or Term SOFR plus margin tied to debt rating/leverage ratio; ESG pricing adjustment possible.
- Financial covenants include interest coverage and leverage ratios, tested quarterly.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/832101/000083210122000059/0000832101-22-000059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/832101/000083210122000059/iex-20221101.htm
  HTML page:      https://secwatch.observer/filing/0000832101-22-000059

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