Kadant upsizes revolving credit facility to $750M, extends maturity to 2030

KADANT INC

Revolving commitments increased from $400M to $750M; maturity extended to September 26, 2030.
Multicurrency sublimit raised to $400M; letter of credit sublimit to $100M; swingline to $15M.
Added Vayeron Pty Ltd (Australian subsidiary) as an authorized borrower; Australian dollars added.
Removed credit spread adjustments for SOFR, SONIA, CORRA; removed lowest pricing tier.

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

KADANT INC amended revolving credit of from $400 million to $750 million with Citizens Bank, N.A. maturing September 26, 2030.

Instrument: revolving credit
Principal: from $400 million to $750 million
Counterparty: Citizens Bank, N.A.
Maturity: September 26, 2030
Event: amendment

Exact text from the filing

(i) increase the amount of the revolving loan commitments from $400 million to $750 million, (ii) extend the maturity date of the unsecured credit facility to the date that is five years after the effective date of the Eighth Amendment, or September 26, 2030, (iii) remove the credit spread adjustments applicable to SOFR, SONIA and CORRA borrowings

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Source: SEC EDGAR

accession 0000886346-25-000109

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