OSHKOSH CORP (OSK): debt financing — Oshkosh enters $500M term loan to refinance revolver, improve liquidity

OSHKOSH CORP

$500M unsecured term loan drawn in full; matures March 2027.
Proceeds used to repay existing revolving credit borrowings; no net debt increase.
Interest at Term SOFR+0.90% or Base Rate; covenants similar to prior facility.
Leverage covenant max 3.75:1 (temporarily 4.25:1 for acquisitions).
Prepayment permitted without penalty.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

OSHKOSH CORP incurred term loan of $500 million with PNC Bank, National Association, as administrative agent at Term SOFR plus 0.90%, or the Base Rate maturing March 2027.

Instrument: term loan
Principal: $500 million
Counterparty: PNC Bank, National Association, as administrative agent
Rate: Term SOFR plus 0.90%, or the Base Rate
Maturity: March 2027
Event: incurrence

Exact text from the filing

The Credit Agreement provides for an unsecured term loan in the amount of $500 million that matures in March 2027.

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Source: SEC EDGAR

accession 0001104659-25-029941

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