DUCOMMUN INC /DE/ (DCO): debt financing — Ducommun refinances credit facility, upsizes revolver to $450M, lowers cost of capital

DUCOMMUN INC /DE/

New $450M revolver (upsized from $200M) and $200M term loan; both mature November 2030.
Proceeds used to repay existing $95M revolver balance and $225M term loan plus fees.
Lower borrowing spreads result in immediate cost savings starting 2026.
More than $300M availability under revolver at close; enhanced liquidity for acquisitions.
Amended covenants provide greater operating flexibility under VISION 2027 strategy.

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

DUCOMMUN INC /DE/ incurred revolving credit of $120 million with Bank of America, N.A. at Term SOFR plus 1.50% maturing November 24, 2030.

Instrument: revolving credit
Principal: $120 million
Counterparty: Bank of America, N.A.
Rate: Term SOFR plus 1.50%
Maturity: November 24, 2030
Event: incurrence

Exact text from the filing

a five-year $450 million senior secured revolving credit facility (the “Revolving Credit Facility” and, together with the Term Loan Facility, the “Facilities”), of which $120 million was drawn on the Closing Date

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

DUCOMMUN INC /DE/ incurred term loan of $200 million with Bank of America, N.A. at Term SOFR plus 1.50% maturing November 24, 2030.

Instrument: term loan
Principal: $200 million
Counterparty: Bank of America, N.A.
Rate: Term SOFR plus 1.50%
Maturity: November 24, 2030
Event: incurrence

Exact text from the filing

a five-year $200 million senior secured term loan facility (the “Term Loan Facility”), all of which was drawn on the Closing Date

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311 debt financings filed in the last 30 days. Browse all debt financings →

DUCOMMUN INC /DE/ filing history →

Source: SEC EDGAR

accession 0001193125-25-303948

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