---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-020712"
form_type: "8-K"
ticker: "MEI"
cik: "0000065270"
company_name: "METHODE ELECTRONICS INC"
filed_at: "2022-11-01T23:59:59+00:00"
generated_at: "2026-06-22T19:50:32.278374+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Methode Electronics enters new $750M credit agreement, extends maturity to 2027

## Summary
- New $750M multicurrency revolving credit facility replaces existing agreement, term loan terminated.
- Maturity date extended to October 31, 2027.
- Interest rates: SOFR plus 1.375%-2.25% or base rate plus 0.375%-1.25%, depending on leverage ratio.
- Approximately $200M of revolving loans outstanding at closing; proceeds used to refinance existing debt.

## SEC filing metadata
- accession: 0000950170-22-020712
- form_type: 8-K
- ticker: MEI
- cik: 0000065270
- company_name: METHODE ELECTRONICS INC
- filed_at: 2022-11-01T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/65270/000095017022020712/0000950170-22-020712-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/65270/000095017022020712/mei-20221031.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-020712
- JSON: https://secwatch.observer/filing/0000950170-22-020712.json
- Plain text: https://secwatch.observer/filing/0000950170-22-020712.txt

## Key facts
- Material Agreements
  METHODE ELECTRONICS INC entered into Credit Agreement with Bank of America, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer, and the Lenders and other parties named therein valued at $750,000,000 (effective 2022-10-31).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer, and the Lenders and other parties named therein
  - Value: $750,000,000
  - Effective: 2022-10-31
  source text: On October 31, 2022, Methode Electronics, Inc. (the “Company”) entered into a Second Amended and Restated Credit Agreement (the “Credit Agreement”) among the Company, Bank of America, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer, and the Lenders and other parties named therein.
  evidence_url: https://www.sec.gov/Archives/edgar/data/65270/000095017022020712/0000950170-22-020712-index.htm

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