debt
confidence high
sentiment neutral
materiality 0.55
Oshkosh upsizes revolving credit facility by $450M to $1.55B
OSHKOSH CORP
- Revolving credit facility increased from $1.1B to $1.55B via partial exercise of $550M accordion.
- Outstanding revolver loans of ~$615M and letters of credit of ~$13.7M after the increase.
- Company may further increase credit facilities by up to $100M subject to conditions.
- Interest rate benchmark updated: CDOR replaced with forward-looking CORRA-based rate for CAD loans.