---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-030609"
form_type: "8-K"
ticker: "THR"
cik: "0001489096"
company_name: "Thermon Group Holdings, Inc."
filed_at: "2023-03-09T23:59:59+00:00"
generated_at: "2026-06-18T06:53:28.866982+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Thermon amends credit agreement: replaces LIBOR with SOFR, adds covenants for divestment

## Summary
- Replaced LIBOR with Term SOFR as benchmark rate; technical updates for Term Benchmark and RFR Loans.
- Added baskets to asset sale and affiliate transaction covenants to permit divestment of Thermon Eurasia LLC.
- Added two financial covenants: US/Canadian loan parties must have ≥75% of total revenue and assets of the consolidated group.
- Bank guarantees from any Loan Party to a Lender/affiliate now included in secured Obligations.

## SEC filing metadata
- accession: 0001104659-23-030609
- form_type: 8-K
- ticker: THR
- cik: 0001489096
- company_name: Thermon Group Holdings, Inc.
- filed_at: 2023-03-09T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1489096/000110465923030609/0001104659-23-030609-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1489096/000110465923030609/tm238664d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-030609
- JSON: https://secwatch.observer/filing/0001104659-23-030609.json
- Plain text: https://secwatch.observer/filing/0001104659-23-030609.txt

## Key facts
- Material Agreements
  Thermon Group Holdings, Inc. amended Amendment No. 2 to Credit Agreement, Amendment No. 1 to the Guarantee and Collateral Agreement and Amendment No. 1 to the Canadian Guarantee and Collateral Agreement with JPMorgan Chase Bank, N.A., as Administrative Agent, and the Lenders (effective 2023-03-07).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A., as Administrative Agent, and the Lenders
  - Effective: 2023-03-07
  source text: On March 7, 2023, the Company, the US Borrower and the Canadian Borrower entered into an Amendment No. 2 to Credit Agreement, Amendment No. 1 to the Guarantee and Collateral Agreement and Amendment No. 1 to the Canadian Guarantee and Collateral Agreement (collectively, the “Amendment”) with the Lenders and the Agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1489096/000110465923030609/0001104659-23-030609-index.htm

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