debt
confidence high
sentiment neutral
materiality 0.50
Vontier enters $500M term loan and $750M revolver; maturities extended to 2028 and 2030
Vontier Corp
- New $500M senior unsecured term loan facility matures Feb 12, 2028.
- New $750M multi-currency revolving credit facility matures Feb 12, 2030.
- Term loan pricing: SOFR + 0.875%-1.500% based on credit rating; revolver pricing: SOFR + 1.015%-1.575%.
- Certain existing lenders departed and new lenders joined as part of the amendment and restatement.
- All other material provisions of prior credit agreements remain unchanged.