EAGLE MATERIALS INC (EXP): debt financing — Eagle Materials amends credit agreement: new $300M term loan, $750M revolver, maturity extended to 2030

EAGLE MATERIALS INC

New $300M unsecured term loan A facility and $750M revolving facility replace existing $200M term loan and $750M revolver.
Both facilities mature on February 4, 2030; revolving facility includes $40M letter of credit and $25M swingline sub-facilities.
New term loan amortizes quarterly at 1.25% of original principal starting March 31, 2025; full balance due at maturity.
Proceeds used to refinance existing term loan, repay a portion of revolving loans, and pay fees; prepayment allowed without premium or penalty.
Credit agreement includes incremental facility of up to $375M and interest rate based on SOFR or base rate plus applicable spread tied to credit ratings.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

EAGLE MATERIALS INC amended revolving credit of up to $750 million with JPMorgan Chase Bank, N.A. at base rate or SOFR rate, in each case, plus an Applicable Rate maturing February 4, 2030.

Instrument: revolving credit
Principal: up to $750 million
Counterparty: JPMorgan Chase Bank, N.A.
Rate: base rate or SOFR rate, in each case, plus an Applicable Rate
Maturity: February 4, 2030
Event: amendment

Exact text from the filing

aggregate principal amount of $200 million (the “Existing Initial Term Loan Facility”) and (2) a senior unsecured revolving commitments in an aggregate principal amount of up to $750 million, with a letter of credit sub-facility of $40 million, with a swingline loan sub-facility of $25 million (the “Existing Revolving Loan Facility”). Under the Existing Credit

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

EAGLE MATERIALS INC incurred term loan of $300 million with JPMorgan Chase Bank, N.A. at base rate or SOFR rate, in each case, plus an Applicable Rate based on the Compa maturing February 4, 2030.

Instrument: term loan
Principal: $300 million
Counterparty: JPMorgan Chase Bank, N.A.
Rate: base rate or SOFR rate, in each case, plus an Applicable Rate based on the Compa
Maturity: February 4, 2030
Event: incurrence

Exact text from the filing

the Existing Credit Agreement, to, among other things, (1) provide the Company with a new senior unsecured term loan A credit facility in the aggregate principal amount of $300 million (the “New Initial Term Loan Facility”), the proceeds of which were used to refinance in full the Existing Initial Term Loan Facility, to repay a portion of the loans outstanding

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Source: SEC EDGAR

accession 0001193125-25-020106

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