SPX Technologies secures $300M incremental term loan facility; discloses ASPEQ merger agreement

SPX Technologies, Inc.

SPX Enterprises (SPXC sub) added a $300M incremental term loan from 8 lenders; matures August 12, 2027.
Pricing grid based on leverage: Term SOFR +1.500%-1.875%, plus commitment fee of 0.225%-0.275%.
Quarterly amortization starts Dec 2023 at 0.625% of initial principal, increasing to 1.250% from Dec 2024.
Merger agreement to acquire ASPEQ Parent Holdings signed April 28, 2023; no deal value disclosed in filing.

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