{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-064747","form_type":"8-K","ticker":"ASTE","cik":"0000792987","company_name":"ASTEC INDUSTRIES INC","filed_at":"2025-07-01T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.381788+00:00","generated_at":"2026-05-18T11:27:48.915200+00:00","sec_items":["1.01","2.01","2.03","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Astec completes $245M acquisition of TerraSource; expects $10M annual synergies","bullets":["Acquisition of TerraSource completed for $245M cash; net purchase price $230M after ~$15M NPV of tax benefits.","Deal expected to be EPS accretive from day one; ~60% of TerraSource revenue from aftermarket parts/service.","Annual run-rate cost synergies of ~$10M expected by end of year two.","New credit facilities of up to $600M entered; proceeds used to fund acquisition and repay prior $250M revolver.","Proforma net leverage ratio ~2.0x net debt/adjusted EBITDA for 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-064747","json":"https://secwatch.observer/filing/0001104659-25-064747.json","markdown":"https://secwatch.observer/filing/0001104659-25-064747.md","text":"https://secwatch.observer/filing/0001104659-25-064747.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/792987/000110465925064747/0001104659-25-064747-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/792987/000110465925064747/tm2519397d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T11:27:48.915200+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3be3e0aa031f03fdc72c40ea80e6eac8f55b65af","claim":"ASTEC INDUSTRIES INC incurred credit facility of $600,000,000 with Wells Fargo Bank, National Association, as administrative agent, and the lenders party thereto from time to time at Term SOFR plus an applicable margin ranging between 1.75% and 2.75% per annum, o maturing July 1, 2030.","evidence_excerpt":"Simultaneously with the Closing, on July 1, 2025 (the “Financing Effective Date”), the Company entered into a credit agreement (the “Credit Agreement”) that provides for (i) a revolving credit facility, a term loan facility, a swingline facility and a letter of credit facility, in an initial aggregate amount of up to $600,000,000, and (ii) an incremental facilities limit in an aggregate amount not to exceed $150,000,000 (collectively, the “Credit Facilities”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/792987/000110465925064747/0001104659-25-064747-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$600,000,000"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association, as administrative agent, and the lenders party thereto from time to time"},{"label":"Rate","value":"Term SOFR plus an applicable margin ranging between 1.75% and 2.75% per annum, o"},{"label":"Maturity","value":"July 1, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"fc61a15fc100ba95a505dc2055530d9ffb7912a6","claim":"ASTEC INDUSTRIES INC completed an acquisition involving TerraSource Holdings, LLC (Sellers: RLI TSG Holdings LLC, Milacron LLC, and others) for $245.0 million in cash on a cash-free, debt-free basis (closed 2025-07-01).","evidence_excerpt":"its previously announced Acquisition of TerraSource pursuant to the Purchase Agreement. The total consideration delivered at the Closing by the Company to the Sellers was $245.0 million in cash on a cash-free, debt-free basis, subject to a customary purchase price adjustment, as set forth in the Purchase Agreement. The Company financed the Acquisition and","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/792987/000110465925064747/0001104659-25-064747-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"TerraSource Holdings, LLC (Sellers: RLI TSG Holdings LLC, Milacron LLC, and others)"},{"label":"Consideration","value":"$245.0 million in cash on a cash-free, debt-free basis"},{"label":"Closing","value":"2025-07-01"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}