ABM INDUSTRIES INC /DE/ (ABM): debt financing — ABM enters $2.2B credit facility with $1.6B revolver, $600M term loan, maturing 2030

ABM INDUSTRIES INC /DE/

Total commitments: $1.6B revolving credit and $600M term loan, five-year term maturing Feb 26, 2030.
Borrowings bear interest at Term SOFR or base rate plus margin based on total net leverage ratio.
Financial covenants: max total net leverage 5.00x, max secured net leverage 4.00x, min interest coverage 1.50x.
Proceeds used to refinance original credit agreement, pay down revolving debt, and cover transaction costs.
Obligations guaranteed by material domestic subs and secured by substantially all assets of ABM and guarantors.

item 1.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

ABM INDUSTRIES INC /DE/ incurred term loan of $600 million with Bank of America, N.A. maturing February 26, 2030.

Instrument: term loan
Principal: $600 million
Counterparty: Bank of America, N.A.
Maturity: February 26, 2030
Event: incurrence

Exact text from the filing

an aggregate principal amount of commitments under the term facility of $600 million

View on SEC.gov

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

ABM INDUSTRIES INC /DE/ incurred credit facility of $1.6 billion with Bank of America, N.A. maturing February 26, 2030.

Instrument: credit facility
Principal: $1.6 billion
Counterparty: Bank of America, N.A.
Maturity: February 26, 2030
Event: incurrence

Exact text from the filing

the Credit Agreement provides for an aggregate principal amount of commitments under the dollar and multicurrency revolving credit facilities of $1.6 billion

View on SEC.gov

102 debt financings filed in the last 30 days. Browse all debt financings →

ABM INDUSTRIES INC /DE/ filing history →

Source: SEC EDGAR

accession 0000950170-25-030050

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.