Karman Holdings Inc. (KRMN): debt financing — Karman acquires MTI for $90M cash, refinances $350M credit facilities at lower cost

Karman Holdings Inc.

Acquired MTI (Metal Technology Inc.) for $90M cash; MTI supplies refractory alloy systems for missile programs.
New $300M Term Loan B (SOFR+3.50%, matures 2032) and $50M revolver (SOFR+2.75-3.25%, matures 2030).
Refinancing saves >$8M annually in interest expense; extends maturities vs. prior debt.
MTI's proprietary manufacturing (additive, hot forging) is accretive to revenue and EBITDA immediately.

item 1.01 item 1.02 item 2.03 item 7.01 item 8.01 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

Karman Holdings Inc. incurred credit facility of $50,000,000 with Citibank, N.A. maturing April 1, 2030.

Instrument: credit facility
Principal: $50,000,000
Counterparty: Citibank, N.A.
Maturity: April 1, 2030
Event: incurrence

Exact text from the filing

and TCW Asset Management Company LLC, as the administrative agent thereunder. The New Credit Agreement provides for (i) a revolving credit facility in the principal amount of $50,000,000 (the “Revolving Credit Facility”) and (ii) a term loan facility in the principal amount of $300,000,000 (the “Term Loan Facility” and, together with the Revolving Credit Facility,

View on SEC.gov

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

Karman Holdings Inc. incurred credit facility of $300,000,000 with Citibank, N.A. maturing April 1, 2032.

Instrument: credit facility
Principal: $300,000,000
Counterparty: Citibank, N.A.
Maturity: April 1, 2032
Event: incurrence

Exact text from the filing

a term loan facility in the principal amount of $300,000,000 (the “Term Loan Facility” and, together with the Revolving Credit Facility, the “Senior Credit Facility”)

View on SEC.gov

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

Karman Holdings Inc. filing history →

Source: SEC EDGAR

accession 0000950170-25-051611

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.