ALAMO GROUP INC (ALG): debt financing — Alamo Group enters $602.5M credit agreement with $202.5M term loan and $400M revolver

ALAMO GROUP INC

Total commitments: $602.5M, comprising $202.5M term loan and $400M revolving facility maturing May 27, 2031.
Term loan requires equal quarterly principal payments of $1,265,625; remaining due at maturity.
Interest rates: Term SOFR + 1.25%-2.25% or Base Rate + 0.25%-1.25% depending on consolidated net leverage ratio.
Financial covenants: maximum consolidated net leverage ratio and minimum consolidated fixed charge coverage ratio.
Proceeds used to pay fees/expenses and finance working capital and general corporate purposes.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 1.0

ALAMO GROUP INC incurred credit facility of up to $602,500,000 with Bank of America, N.A. at Term SOFR rate plus an applicable margin ranging from 1.25% to 2.25% maturing May 27, 2031.

Instrument: credit facility
Principal: up to $602,500,000
Counterparty: Bank of America, N.A.
Rate: Term SOFR rate plus an applicable margin ranging from 1.25% to 2.25%
Maturity: May 27, 2031
Event: incurrence

Exact text from the filing

The 2026 Credit Agreement provides the Company with the ability to request loans and other financial obligations in an aggregate amount of up to $602,500,000.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

ALAMO GROUP INC entered into 2026 Credit Agreement with Bank of America, N.A., as Administrative Agent valued at $602,500,000 (effective 2026-05-27).

Action: entry
Agreement: credit facility
Counterparty: Bank of America, N.A., as Administrative Agent
Value: $602,500,000
Effective: 2026-05-27

Exact text from the filing

On May 27, 2026, Alamo Group Inc. (the “Company”), as the borrower, and each of its domestic subsidiaries as guarantors, entered into a Fourth Amended and Restated Credit Agreement (the “2026 Credit Agreement”) with Bank of America, N.A., as Administrative Agent.

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ALAMO GROUP INC filing history →

Source: SEC EDGAR

accession 0000897077-26-000078

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