Thermon Group Holdings, Inc. (THR): debt financing — Thermon enters into $240M credit facility to refinance debt, extend maturity to 2030

Thermon Group Holdings, Inc.

$115M five-year secured revolving credit facility and $125M five-year secured term loan A.
Proceeds used to repay existing indebtedness under the prior credit agreement.
Thermon Europe B.V. added as a borrower; accordion up to $125M or 100% consolidated EBITDA.
Interest margins: ABR/Canadian prime loans 0.50%, SOFR/CORRA/EURIBOR loans 1.50% (leverage-based grid after one quarter).
Leverage covenant max 3.50:1.00; fixed charge coverage ratio min 1.25:1.00.

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

Thermon Group Holdings, Inc. amended term loan of US $125.0 million five-year secured term loan A with JPMorgan Chase Bank, N.A., as Administrative Agent at base rate, plus an applicable margin, or at a rate based on SOFR plus an applica maturing July 24, 2030.

Instrument: term loan
Principal: US $125.0 million five-year secured term loan A
Counterparty: JPMorgan Chase Bank, N.A., as Administrative Agent
Rate: base rate, plus an applicable margin, or at a rate based on SOFR plus an applica
Maturity: July 24, 2030
Event: amendment

Exact text from the filing

in the aggregate. The Revolving Credit Facility includes sublimits for letters of credit and swingline loans (the “Revolving Credit Facility”). · Term Loan Facility : A US $125.0 million five-year secured term loan A (the “Term Loan”) made available in U.S. Dollars to the US Borrower (the “Term Loan Facility”). Proceeds of the Facilities were used at closing to

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

Thermon Group Holdings, Inc. amended credit facility of US $115.0 million five-year a secured revolving credit facility with JPMorgan Chase Bank, N.A., as Administrative Agent at base rate, plus an applicable margin, or at a rate based on SOFR plus an applica maturing July 24, 2030.

Instrument: credit facility
Principal: US $115.0 million five-year a secured revolving credit facility
Counterparty: JPMorgan Chase Bank, N.A., as Administrative Agent
Rate: base rate, plus an applicable margin, or at a rate based on SOFR plus an applica
Maturity: July 24, 2030
Event: amendment

Exact text from the filing

agent (the “Prior Credit Agreement”), and provides for the credit facilities described below (collectively, the “Facilities”). Facilities . · Revolving Credit Facility : A US $115.0 million five-year a secured revolving credit facility made available in U.S. Dollars to the US Borrower, in Canadian Dollars to the Canadian Borrower, and in Euros to the Dutch Borrower,

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Thermon Group Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-25-071742

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