---
schema_version: "secwatch.filing_event.v1"
accession: "0000897077-22-000114"
form_type: "8-K"
ticker: "ALG"
cik: "0000897077"
company_name: "ALAMO GROUP INC"
filed_at: "2022-10-31T23:59:59+00:00"
generated_at: "2026-06-22T22:11:34.888311+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Alamo Group enters $655M credit facility, borrows $255M term loan

## Summary
- New credit facility: $255M term loan and $400M revolver, expiring October 2027.
- Term loan requires quarterly principal payments of $3.75M over five years.
- Interest at SOFR + 1.25%-2.50% or Base Rate + 0.25%-1.50%, based on leverage.
- Covenants include max consolidated leverage ratio and min fixed charge coverage.

## SEC filing metadata
- accession: 0000897077-22-000114
- form_type: 8-K
- ticker: ALG
- cik: 0000897077
- company_name: ALAMO GROUP INC
- filed_at: 2022-10-31T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/897077/000089707722000114/0000897077-22-000114-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/897077/000089707722000114/alg-20221031.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000897077-22-000114
- JSON: https://secwatch.observer/filing/0000897077-22-000114.json
- Plain text: https://secwatch.observer/filing/0000897077-22-000114.txt

## Key facts
- Debt Financings
  ALAMO GROUP INC incurred credit facility of up to $655,000,000 with Bank of America, N.A., as Administrative Agent at at a Term Secured Overnight Financing Rate (“SOFR”) or a Base Rate (each as defi maturing October 28, 2027.
  - Instrument: credit facility
  - Principal: up to $655,000,000
  - Counterparty: Bank of America, N.A., as Administrative Agent
  - Rate: at a Term Secured Overnight Financing Rate (“SOFR”) or a Base Rate (each as defi
  - Maturity: October 28, 2027
  - Event: incurrence
  source text: On October 28, 2022, the Company, as the borrower, and each of its domestic subsidiaries as guarantors, entered into a Third Amended and Restated Credit Agreement (the “2022 Credit Agreement”) with Bank of America, N.A., as Administrative Agent. The 2022 Credit Agreement provides the Company with the ability to request loans and other financial obligations in an aggregate amount of up to $655,000,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/897077/000089707722000114/0000897077-22-000114-index.htm

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