---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-119924"
form_type: "8-K"
ticker: "RRX"
cik: "0000082811"
company_name: "REGAL REXNORD CORP"
filed_at: "2022-11-17T23:59:59+00:00"
generated_at: "2026-06-21T17:04:48.701831+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Regal Rexnord completes first phase of financing for Altra acquisition; secures $1.1B in credit commitments

## Summary
- Completed $1.1B in credit commitments: $600M incremental term loan and $500M revolver upsizing for Altra acquisition.
- Backstop facility reduced to $0; bridge facility reduced to $4.9B.
- Leverage ratio covenant amended to 4.875x post-acquisition, stepping down to 3.75x.
- CEO: strong reception from bank market, investment grade ratings from two agencies.
- Minimum interest coverage ratio set at 2.75x post-acquisition, stepping to 3.00x after 18 months.

## SEC filing metadata
- accession: 0001104659-22-119924
- form_type: 8-K
- ticker: RRX
- cik: 0000082811
- company_name: REGAL REXNORD CORP
- filed_at: 2022-11-17T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/82811/000110465922119924/0001104659-22-119924-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/82811/000110465922119924/tm2230811d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-119924
- JSON: https://secwatch.observer/filing/0001104659-22-119924.json
- Plain text: https://secwatch.observer/filing/0001104659-22-119924.txt

## Key facts
- Debt Financings
  REGAL REXNORD CORP amended credit facility of $600,000,000 with JPMorgan Chase Bank, N.A..
  - Instrument: credit facility
  - Principal: $600,000,000
  - Counterparty: JPMorgan Chase Bank, N.A.
  - Event: amendment
  source text: establishes incremental term loan commitments of $600,000,000 (the “Incremental Term Loan Commitments”), to be funded in connection with the closing of the Proposed Transaction, which upon funding will be the same class of term A-1 loans as under the Credit Agreement; (iii) provides an increase of $500,000,000 in the aggregate principal amount of the revolving commitments under the Credit Agreement upon consummation of the Proposed Transaction
  evidence_url: https://www.sec.gov/Archives/edgar/data/82811/000110465922119924/0001104659-22-119924-index.htm
- Material Agreements
  REGAL REXNORD CORP amended First Amendment with the Company's lenders under the Credit Agreement, with JPMorgan Chase Bank, N.A. as administrative agent (effective 2022-11-17).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: the Company's lenders under the Credit Agreement, with JPMorgan Chase Bank, N.A. as administrative agent
  - Effective: 2022-11-17
  source text: On November 17, 2022, Regal Rexnord Corporation (the “Company”) and Land Newco, Inc. entered into an amendment (the “First Amendment”) with the Company’s lenders under the Second Amended and Restated Credit Agreement, dated as of March 28, 2022 (as amended, the “Credit Agreement”), among the Company, various subsidiaries of the Company from time to time party thereto, the financial institutions from time to time party thereto as lenders and JPMorgan Chase Bank, N.A., as administrative agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/82811/000110465922119924/0001104659-22-119924-index.htm

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