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

Issuer:     Enpro Inc. (NPO)
CIK:        0001164863
Form:       8-K
Filed at:   2025-04-10T23:59:59+00:00
Accession:  0001140361-25-013259
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Enpro enters $800M amended credit facility maturing 2030
--------------------------------------------------------

- New $800M senior secured revolving credit facility, matures April 9, 2030.
- SOFR-based borrowing rate +1.375% (alternate base rate +0.375%), commitment fee 0.175% on unused.
- Financial covenants: max total net leverage ratio 4.0x (can step up to 4.5x post-acquisition for 4 quarters), min interest coverage 2.5x.
- Amendment secures borrowing capacity with pledge of subsidiary stock and substantially all assets, including intellectual property.
- Existing credit agreement dated December 2021 replaced in its entirety; all prior term loans repaid and reallocated.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1164863/000114036125013259/0001140361-25-013259-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1164863/000114036125013259/ef20047198_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-013259

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