Helios Technologies upsizes credit facility to $800M, reduces spreads, extends maturity to 2029

HELIOS TECHNOLOGIES, INC.

Revolving credit facility increased from $400M to $500M; new $300M term loan refinances prior debt.
Accordion feature raised by $100M to $400M; total commitments capped at $1.2B.
Maturity extended five years to June 25, 2029; borrowing spreads reduced 25–50 bps.
Quarterly term loan amortization starts at $3.75M, rising to $7.5M in 2028; covenants: max leverage 3.75x, min interest coverage 3.00x.
PNC Bank serves as administrative agent; LIBOR-to-SOFR transition spread of 10 bps eliminated.

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