KENNAMETAL INC (KMT): debt financing — Kennametal enters $650M unsecured 5-year revolving credit facility, maturing Nov 2030

KENNAMETAL INC

Facility replaces existing $650M Sixth Amended Credit Agreement dated June 2022.
Maturity extended to November 17, 2030; financial covenant sets max leverage ratio of 3.75:1.
Borrowings bear interest based on Term SOFR plus applicable margin per pricing grid tied to debt rating.
Includes sublimits: $50M letters of credit, $100M swingline, $300M multicurrency, $250M foreign borrower.
Company and domestic subsidiary guarantee foreign borrower obligations; agreement allows up to $300M increased commitments.

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

KENNAMETAL INC incurred revolving credit of $650 million with Bank of America, N.A., as administrative agent at Term SOFR plus the Term SOFR Applicable Margin maturing November 17, 2030.

Instrument: revolving credit
Principal: $650 million
Counterparty: Bank of America, N.A., as administrative agent
Rate: Term SOFR plus the Term SOFR Applicable Margin
Maturity: November 17, 2030
Event: incurrence

Exact text from the filing

On November 17, 2025, Kennametal Inc. (the “Company”) and Kennametal Europe GmbH, a Swiss limited liability company and wholly-owned foreign subsidiary of the Company (“Kennametal Europe”), entered into an unsecured $650 million five-year Seventh Amended and Restated Credit Agreement (the “Agreement”) with the several banks and other financial institutions or entities from time to time parties thereto (the “Lenders”), Bank of America , N.A., London Branch, as euro swingline lender, PNC Bank, National Association, BNP Paribas and U.S. Bank National Association, as co-syndication agents, Citizens Bank, N.A., as documentation agent, and Bank of America, N.A., as administrative agent.

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Source: SEC EDGAR

accession 0001193125-25-286159

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