secwatch.observer — SEC 8-K summary
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Issuer:     Amentum Holdings, Inc. (AMTM)
CIK:        0002011286
Form:       8-K/A
Filed at:   2024-10-03T23:59:59+00:00
Accession:  0000950157-24-001363
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Amentum enters into $3.75B term loan and $850M revolver, issues $1.0B 7.25% notes due 2032
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- Credit Agreement provides $3.75B term facility ($2.62B new + $1.13B rollover) and $850M revolver, maturing 2031/2029.
- Issued $1.0B of 7.250% Senior Notes due 2032; net proceeds ~$987.5M used with term loan to repay prior debt and pay Jacobs $1B.
- Prior Amentum Credit Agreements terminated on September 27, 2024 upon full repayment.
- Revolving facility includes financial covenant: max first lien net leverage ratio of 5.25x stepping to 5.00x.
- Term facility has no financial maintenance covenants; interest rate is SOFR + 2.25% or ABR + 1.25%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2011286/000095015724001363/0000950157-24-001363-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2011286/000095015724001363/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0000950157-24-001363

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