Modine amends credit agreement to enable spin-off of Performance Technologies

MODINE MANUFACTURING CO

Amendment permits separation, disposition and spin-off of Performance Technologies business (PT Transaction) per Jan 29, 2026 merger agreement.
Newly formed escrow subsidiary may incur indebtedness; proceeds held in escrow pending PT Transaction closing.
Mandatory prepayment of loans with 100% of net proceeds from such indebtedness upon release from escrow.
Negative covenants revised to permit investments, restricted payments, asset transfers and affiliate transactions related to PT Transaction.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

MODINE MANUFACTURING CO amended Amendment No. 2 with lenders party thereto, and JPMorgan Chase Bank, N.A., as administrative agent (effective 2026-04-30).

Action: amendment
Agreement: credit facility
Counterparty: lenders party thereto, and JPMorgan Chase Bank, N.A., as administrative agent
Effective: 2026-04-30

Exact text from the filing

On April 30, 2026, Modine Manufacturing Company (the “Company”) and Airedale International Air Conditioning Limited, as borrowers (collectively, the “Borrowers”), entered into Amendment No. 2 (the “Amendment”) to the Sixth Amended and Restated Credit Agreement, dated as of July 10, 2025 (as previously amended, the “Credit Agreement”), by and among the Borrowers, the lenders party thereto, and JPMorgan Chase Bank, N.A., as administrative agent.

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Source: SEC EDGAR

accession 0001104659-26-055654

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