---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-153098"
form_type: "8-K"
ticker: "GRC"
cik: "0000042682"
company_name: "GORMAN RUPP CO"
filed_at: "2024-06-03T23:59:59+00:00"
generated_at: "2026-06-01T06:58:04.499432+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Gorman-Rupp refinances debt; upsizes term loan to $370M, issues $30M notes, retires sub debt

## Summary
- Upsized senior term loan to $370M, extended maturity to May 31, 2029 (from 2027).
- Issued $30M of 6.40% senior secured notes due May 31, 2031.
- Retired $90M unsecured subordinated facility (SOFR+9.10%) for ~$91.8M including $1.8M make-whole.
- Expected annual interest expense reduction of ~$7M.
- One-time charges: $1.8M prepayment fee, $1.3M transaction costs, $4.4M non-cash write-off.

## SEC filing metadata
- accession: 0001193125-24-153098
- form_type: 8-K
- ticker: GRC
- cik: 0000042682
- company_name: GORMAN RUPP CO
- filed_at: 2024-06-03T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 1.02, 2.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/42682/000119312524153098/0001193125-24-153098-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/42682/000119312524153098/d799601d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-153098
- JSON: https://secwatch.observer/filing/0001193125-24-153098.json
- Plain text: https://secwatch.observer/filing/0001193125-24-153098.txt

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