SPX Technologies assumes obligations under credit agreement as new parent after reorganization

SPX Technologies, Inc.

SPX Technologies (name change from SPX Corp) joined Amended Credit Agreement as parent on Aug 23, 2022.
Assumption Agreement executed: SPX Tech assumes all obligations of SPX Corp under existing credit facility.
SPX Tech granted security interest in 100% of SPX Enterprises capital stock to lenders.
First Amendment to Credit Agreement made conforming changes to reflect new parent entity.
No new debt incurred or terms changed; transaction is a structural reorganization.

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