{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-070116","form_type":"8-K","ticker":"ESE","cik":"0000866706","company_name":"ESCO TECHNOLOGIES INC","filed_at":"2026-06-03T20:15:59+00:00","discovered_at":"2026-06-03T20:17:00.237137+00:00","generated_at":"2026-06-03T20:47:14.633440+00:00","sec_items":["1.01","1.02","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"ESCO enters $1.5B credit agreement to finance $2.35B Megger acquisition","bullets":["New senior secured facilities: $500M revolver, $500M Term Loan A, up to $500M Term Loan B.","Proceeds fund cash portion of Megger purchase ($922M) plus refinancing of existing debt.","Existing credit agreement will be terminated upon effectiveness concurrent with acquisition closing.","JPMorgan Chase leads as administrative agent; Bank of America as syndication agent.","Covenants include leverage and interest coverage ratios; secured by substantially all assets."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-070116","json":"https://secwatch.observer/filing/0001104659-26-070116.json","markdown":"https://secwatch.observer/filing/0001104659-26-070116.md","text":"https://secwatch.observer/filing/0001104659-26-070116.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/866706/000110465926070116/0001104659-26-070116-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/866706/000110465926070116/tm2616691d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T20:47:14.633440+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":"d29b0c5e8b962f12f2fad57e4de846025afc1b32","claim":"ESCO TECHNOLOGIES INC incurred credit facility of $500 million with JPMorgan Chase Bank, N.A. as administrative agent at Adjusted Term SOFR Rate, Adjusted EURIBOR Rate, Daily Simple SONIA Rate or Alter.","evidence_excerpt":"the effectiveness of the New Credit Agreement. The New Credit Agreement provides for (a) a senior secured revolving credit facility in an initial aggregate commitment amount of $500 million (the “Revolving Credit Facility”), (b) a senior secured term loan A facility in an initial aggregate principal amount of $500 million (the “Term Loan A Facility”), and (c)","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/866706/000110465926070116/0001104659-26-070116-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$500 million"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A. as administrative agent"},{"label":"Rate","value":"Adjusted Term SOFR Rate, Adjusted EURIBOR Rate, Daily Simple SONIA Rate or Alter"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"0cfa3138729b2da9c181c86f4a5061a6cb958010","claim":"ESCO TECHNOLOGIES INC terminated Existing Credit Agreement with JPMorgan Chase Bank, N.A. as Administrative Agent, Bank of America, N.A. as Syndication Agent, Commerce Bank and TD Bank, N.A. as Co-Documentation Agents, and the Departing Lenders.","evidence_excerpt":"which as noted below, will be terminated on the Acquisition Closing Date upon the effectiveness of the New Credit Agreement.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/866706/000110465926070116/0001104659-26-070116-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A. as Administrative Agent, Bank of America, N.A. as Syndication Agent, Commerce Bank and TD Bank, N.A. as Co-Documentation Agents, and the Departing Lenders"}],"fact_type":"material_agreement"},{"claim_id":"65cefcb2ffbe9d83bc4fa06ca54353fceffe298a","claim":"ESCO TECHNOLOGIES INC entered into New Credit Agreement with a group of banks led by JPMorgan Chase Bank, N.A. as administrative agent, Bank of America, N.A. as syndication agent, BMO Capital Markets Corp., Commerce Bank, Regions Capital Markets, a Division of Regions Bank, TD Bank, N.A. and Wells Fargo Bank, National Association as co-documentation agents valued at initial aggregate commitment amount of $500 million (effective 2026-05-29).","evidence_excerpt":"On May 29, 2026, the Registrant and certain of its subsidiaries entered into Credit Agreement with a group of banks led by JPMorgan Chase Bank, N.A. as administrative agent, Bank of America, N.A. as syndication agent, BMO Capital Markets Corp., Commerce Bank, Regions Capital Markets, a Division of Regions Bank, TD Bank, N.A. and Wells Fargo Bank, National Association as co-documentation agents (the \"New Credit Agreement\").","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/866706/000110465926070116/0001104659-26-070116-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"a group of banks led by JPMorgan Chase Bank, N.A. as administrative agent, Bank of America, N.A. as syndication agent, BMO Capital Markets Corp., Commerce Bank, Regions Capital Markets, a Division of Regions Bank, TD Bank, N.A. and Wells Fargo Bank, National Association as co-documentation agents"},{"label":"Value","value":"initial aggregate commitment amount of $500 million"},{"label":"Effective","value":"2026-05-29"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}