---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-296564"
form_type: "8-K"
ticker: "LECO"
cik: "0000059527"
company_name: "LINCOLN ELECTRIC HOLDINGS INC"
filed_at: "2022-12-01T23:59:59+00:00"
generated_at: "2026-06-21T11:16:27.337591+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Lincoln Electric completes $427M acquisition of Fori Automation; expects $0.12-$0.15 EPS accretion in 2023

## Summary
- Completed acquisition of Fori Automation for $427M, funded via $400M term loan and cash on hand.
- Term loan ($400M) matures Nov 2025, SOFR + 0.75%-1.75% margin, used to partially fund acquisition and general corporate purposes.
- Acquisition expected to be accretive to 2023 EPS by $0.12-$0.15 per diluted share, excluding transaction costs.
- Automation portfolio revenue exceeds $850M annually, advancing toward $1B Higher Standard 2025 target.
- Fori results reported Q1 2023; ~75% in Americas Welding segment, balance in International Welding.

## SEC filing metadata
- accession: 0001193125-22-296564
- form_type: 8-K
- ticker: LECO
- cik: 0000059527
- company_name: LINCOLN ELECTRIC HOLDINGS INC
- filed_at: 2022-12-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 8.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/59527/000119312522296564/0001193125-22-296564-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/59527/000119312522296564/d291920d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-296564
- JSON: https://secwatch.observer/filing/0001193125-22-296564.json
- Plain text: https://secwatch.observer/filing/0001193125-22-296564.txt

## Key facts
- Debt Financings
  LINCOLN ELECTRIC HOLDINGS INC incurred term loan of $400 million with PNC Bank, National Association, as administrative agent at Term SOFR plus 0.75% to 1.75% maturing November 29, 2025.
  - Instrument: term loan
  - Principal: $400 million
  - Counterparty: PNC Bank, National Association, as administrative agent
  - Rate: Term SOFR plus 0.75% to 1.75%
  - Maturity: November 29, 2025
  - Event: incurrence
  source text: The Credit Agreement provides for a term loan in a principal amount in the aggregate of $400 million (the “Term Loan”), which was borrowed in full. The Term Loan matures on November 29, 2025. The Term Loan shall bear interest at a rate based on Term SOFR, plus a margin ranging from 0.75% to 1.75% based on the Company’s consolidated net leverage ratio.
  evidence_url: https://www.sec.gov/Archives/edgar/data/59527/000119312522296564/0001193125-22-296564-index.htm
- Material Agreements
  LINCOLN ELECTRIC HOLDINGS INC entered into Credit Agreement with PNC Bank, National Association, as administrative agent valued at $400 million (effective 2022-11-29).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: PNC Bank, National Association, as administrative agent
  - Value: $400 million
  - Effective: 2022-11-29
  source text: On November 29, 2022, Lincoln Electric Holdings, Inc. (the “Company”) and certain of its domestic subsidiaries (collectively, with the Company, the “Borrower”), entered into the Credit Agreement, dated as of November 29, 2022, with the lenders party thereto and PNC Bank, National Association, as administrative agent (the “Credit Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/59527/000119312522296564/0001193125-22-296564-index.htm

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