secwatch.observer — SEC 8-K summary
======================================

Issuer:     Enpro Inc. (NPO)
CIK:        0001164863
Form:       8-K
Filed at:   2021-11-05T23:59:59+00:00
Accession:  0001140361-21-036781
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Enpro acquires NxEdge for $850M; adds semiconductor cleaning/coating capabilities
--------------------------------------------------------------------------------

- Purchase price $850M cash; financed with cash, revolver, and term loan; net leverage ~3.7x post-close.
- NxEdge expected ~$190M revenue and ~$70M adjusted EBITDA in 2021.
- Deal immediately accretive; 2022 adjusted EPS contribution ~$1.70, 30% above 2021 EPS guide midpoint.
- Closing expected by end-2021, subject to HSR and customary conditions; CPI sale (Q1 2022) to reduce leverage to 3.3x.
- NxEdge serves top-tier semiconductor IDMs and OEMs from six U.S. facilities; vertically integrated across value chain.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1164863/000114036121036781/0001140361-21-036781-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1164863/000114036121036781/brhc10030446_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-21-036781

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer