SPX completes holding company reorganization, becomes SPX Technologies; new $770M credit facility

SPX Technologies, Inc.

Holding company reorganization effective Aug 15, 2022; SPX merged into SPX Technologies Inc. (SPXC), successor issuer.
New $770M credit agreement: $245M term loan, $500M revolver, $25M foreign facility; matures Aug 12, 2027.
SPXC common stock continues on NYSE under symbol SPXC with new CUSIP 78473E103.
Board and executive officers remain identical; all equity awards converted to equivalent SPXC shares.
Credit agreement requires Consolidated Leverage Ratio ≤ 3.75x and Interest Coverage Ratio ≥ 3.00x.

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