secwatch.observer — SEC 8-K summary
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Issuer:     GORMAN RUPP CO (GRC)
CIK:        0000042682
Form:       8-K
Filed at:   2022-06-01T23:59:59+00:00
Accession:  0001193125-22-164599
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gorman-Rupp completes $525M acquisition of Fill-Rite; financed with $440M in new debt
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- Acquired Fill-Rite and Sotera brands from Tuthill Corp for $525M; net $445M after ~$80M expected tax benefits.
- Funded with cash-on-hand, $350M senior secured term loan, $90M subordinated term loan, and $100M revolver.
- CEO Scott King cited over 150 years combined experience and a smooth transition; transaction closed May 31, 2022.
- Financial statements and pro forma info for the acquisition will be filed within 71 days.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/42682/000119312522164599/0001193125-22-164599-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/42682/000119312522164599/d363720d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-164599

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