MSA Safety enters new $1.3B revolving credit facility due 2030

MSA Safety Inc

New $1.3B unsecured revolving credit facility replaces prior 2021 facility; maturity extended to April 1, 2030.
Facility allows up to $500M additional commitment increase subject to board and lender approval.
Financial covenants: fixed charges coverage ≥1.50:1, net leverage ≤3.50:1 (≤4.00:1 during acquisition periods).
Interest rates based on Base Rate, Term SOFR, Eurocurrency, or Daily Simple RFR plus spread tied to net leverage.
Amendments to Prudential and NYL note agreements to conform covenants.

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