secwatch.observer — SEC 8-K summary
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Issuer:     Enpro Inc. (NPO)
CIK:        0001164863
Form:       8-K
Filed at:   2021-12-17T23:59:59+00:00
Accession:  0001140361-21-042187
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1164863/000114036121042187/0001140361-21-042187-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1164863/000114036121042187/brhc10032009_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-21-042187

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