---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-042120"
form_type: "8-K"
ticker: null
cik: "0000009984"
company_name: "BARNES GROUP INC"
filed_at: "2023-08-31T23:59:59+00:00"
generated_at: "2026-06-11T01:45:24.145524+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Barnes completes acquisition of MB Aerospace for $740M; financed with $1.65B debt facilities

## Summary
- Transaction valued at ~$740M enterprise value, closed on August 31, 2023.
- Financed with new $650M term loan and $1.0B revolver; prepaid ~$1.017B existing debt.
- For remainder of 2023, acquisition adds ~$110M sales and dilutes adjusted EPS by ~$0.25.
- MB Aerospace provides precision aero-engine component manufacturing and repair services.
- Additional details to be discussed on Q3 2023 earnings call scheduled for Oct 27.

## SEC filing metadata
- accession: 0001140361-23-042120
- form_type: 8-K
- cik: 0000009984
- company_name: BARNES GROUP INC
- filed_at: 2023-08-31T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.01, 1.01, 2.03, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/9984/000114036123042120/0001140361-23-042120-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/9984/000114036123042120/brhc20058227_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-042120
- JSON: https://secwatch.observer/filing/0001140361-23-042120.json
- Plain text: https://secwatch.observer/filing/0001140361-23-042120.txt

## Key facts
- Debt Financings
  BARNES GROUP INC incurred credit facility of $1,650.0 million with Bank of America, N.A. at Term SOFR (subject to a 0.00% floor) or ABR, in each case plus an applicable mar maturing five-year anniversary of the Closing Date.
  - Instrument: credit facility
  - Principal: $1,650.0 million
  - Counterparty: Bank of America, N.A.
  - Rate: Term SOFR (subject to a 0.00% floor) or ABR, in each case plus an applicable mar
  - Maturity: five-year anniversary of the Closing Date
  - Event: incurrence
  source text: which provides for senior secured financing of $1,650.0 million, consisting of a term loan facility
  evidence_url: https://www.sec.gov/Archives/edgar/data/9984/000114036123042120/0001140361-23-042120-index.htm
- M&A Transactions
  BARNES GROUP INC completed an acquisition involving MB Aerospace Group Holdings Limited for $740 million (closed 2023-08-31).
  - Action: acquisition
  - Counterparty: MB Aerospace Group Holdings Limited
  - Consideration: $740 million
  - Closing: 2023-08-31
  source text: Barnes completed the Transaction. The Transaction values the Company at approximately $ 740 million, on an enterprise value basis
  evidence_url: https://www.sec.gov/Archives/edgar/data/9984/000114036123042120/0001140361-23-042120-index.htm
- Material Agreements
  BARNES GROUP INC entered into Credit Agreement with Bank of America, N.A., as administrative agent, as collateral agent and as swingline lender valued at $1,650.0 million (effective 2023-08-31).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A., as administrative agent, as collateral agent and as swingline lender
  - Value: $1,650.0 million
  - Effective: 2023-08-31
  source text: On August 31, 2023 (the “Closing Date”), Barnes entered into a Credit Agreement (the “Credit Agreement”) among Barnes, Barnes Group Switzerland GmbH, a limited liability company ( Gesellschaft mit beschränkter Haftung ) organized under the laws of Switzerland (“Barnes Switzerland”), Barnes Group Acquisition GmbH, a limited liability company ( Gesellschaft mit beschränkter Haftung ) incorporated under the laws of Germany (“Barnes Germany” and, together with Barnes and Barnes Switzerland, the “Borrowers”, and each individually, a “Borrower”), the issuing banks, lenders and other parties party thereto, and Bank of America, N.A., as administrative agent, as collateral agent and as swingline lender, which provides for senior secured financing of $1,650.0 million, consisting of a term loan facility (the “Term Loan Facility”) in an aggregate principal amount of $650.0 million and a revolving credit facility (the “Revolving Credit Facility” and, together with the Term Loan Facility, the “Senio
  evidence_url: https://www.sec.gov/Archives/edgar/data/9984/000114036123042120/0001140361-23-042120-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.