EnPro completes $850M acquisition of NxEdge, enters $1.0075B credit agreement

Enpro Inc.

Completed acquisition of NxEdge (semiconductor cleaning/coating) for $850M cash on Dec 17, 2021.
Funded with available cash and borrowings under new $1.0075B credit facilities: $400M revolver, $142.5M, $315M, $150M term loans.
NxEdge will be reported in the Advanced Surface Technologies (AST) segment.
New credit agreement includes covenants: max net leverage 4.75:1 (decreasing to 4.0:1) and min interest coverage 2.5:1.

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