---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-051611"
form_type: "8-K"
ticker: "KRMN"
cik: "0002040127"
company_name: "Karman Holdings Inc."
filed_at: "2025-04-07T23:59:59+00:00"
generated_at: "2026-05-23T20:25:43.672988+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Karman acquires MTI for $90M cash, refinances $350M credit facilities at lower cost

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-25-051611
- form_type: 8-K
- ticker: KRMN
- cik: 0002040127
- company_name: Karman Holdings Inc.
- filed_at: 2025-04-07T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2040127/000095017025051611/0000950170-25-051611-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2040127/000095017025051611/ck0002040127-20250401.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-051611
- JSON: https://secwatch.observer/filing/0000950170-25-051611.json
- Plain text: https://secwatch.observer/filing/0000950170-25-051611.txt

## Key facts
- Debt Financings
  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
  source text: 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,
  evidence_url: https://www.sec.gov/Archives/edgar/data/2040127/000095017025051611/0000950170-25-051611-index.htm
- Debt Financings
  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
  source text: 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”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/2040127/000095017025051611/0000950170-25-051611-index.htm

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