secwatch / observer
8-K filed November 17, 2022, 6:59 PM ET ticker IEX CIK 0000832101
debt confidence high sentiment neutral materiality 0.60

IDEX CORP /DE/ (IEX): debt financing — IDEX draws $368M in credit facilities to fund Muon B.V. acquisition

IDEX CORP /DE/

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

IDEX CORP /DE/ incurred credit facility of approximately $200 million from its term credit facility and additional draws in an aggregate amount of approximately $1 with Bank of America, N.A. at alternate base rate or Term SOFR rate plus applicable margin maturing November 1, 2027.

Instrument
credit facility
Principal
approximately $200 million from its term credit facility and additional draws in an aggregate amount of approximately $1
Counterparty
Bank of America, N.A.
Rate
alternate base rate or Term SOFR rate plus applicable margin
Maturity
November 1, 2027
Event
incurrence
Exact text from the filing
On November 10, 2022, IDEX Corporation (the “Company”) drew down approximately $200 million from its term credit facility and on November 10, 2022 and November 15, 2022, the Company made additional draws in an aggregate amount of approximately $168 million from its revolving credit facility, in each case, pursuant to the terms of the Company’s Amended and Restated Credit Agreement, dated November 1, 2022, by and between the Company, along with certain of its subsidiaries, as borrowers, Bank of America, N.A., as administrative agent, swing line lender and an issuer of letters of credit; JPMorgan Chase Bank, N.A., PNC Bank, National Association and Wells Fargo Bank, National Association, as co-syndication agents and issuers of letters of credit; HSBC Bank USA, National Association, Mizuho Bank, Ltd. and Bank of China, Chicago Branch, as co-documentation agents, and the other lenders and financial institutions party thereto (the “Credit Agreement”).
View on SEC.gov

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

IDEX CORP /DE/ filing history →

Source: SEC EDGAR
accession 0000832101-22-000061
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