debt
confidence high
sentiment neutral
materiality 0.60
SPX Technologies upsizes revolving credit facility from $500M to $1.0B
SPX Technologies, Inc.
- Second Amendment increases aggregate revolving commitments to $1.0 billion, up from $500 million.
- New lenders include Truist Bank ($143M), BNP Paribas ($16M), and Regions Bank ($15M).
- Proceeds will finance permitted acquisitions, fees, and general corporate purposes.
- No Default or Event of Default occurred; financial covenants remain in compliance.