Karman Holdings Inc. (KRMN): debt financing — Karman Holdings acquires Seemann Composites and MSC for $220M; term loan increased to $767.8M

Karman Holdings Inc.

Acquired Seemann Composites and MSC for $210M cash + $10M in Karman stock, closed Feb 3, 2026.
Amended credit agreement: term loan increased to $767.8M, rate reduced 75bps to SOFR+2.75%.
Acquisition expected immediately accretive in 2026 to revenue, EBITDA, EPS, cash flow.
New 'Maritime Defense Systems' end market created; combined entity has 95 years of experience.
Sid Charbonnet, president of Seemann and MSC, joins Karman leadership team.

item 1.01 item 8.01 item 2.03 item 7.01 item 9.01

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

Karman Holdings Inc. amended credit facility with Citibank, N.A., as Administrative Agent and Collateral Agent at SOFR plus 2.75%.

Instrument: credit facility
Counterparty: Citibank, N.A., as Administrative Agent and Collateral Agent
Rate: SOFR plus 2.75%
Event: amendment

Exact text from the filing

the Company (i) refinanced its existing term loans in an aggregate principal amount of $502,800,000 to reduce the interest rate applicable thereto by 75 basis points to SOFR plus 2.75%

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

Karman Holdings Inc. incurred term loan of $265,000,000 with Citibank, N.A., as Administrative Agent and Collateral Agent.

Instrument: term loan
Principal: $265,000,000
Counterparty: Citibank, N.A., as Administrative Agent and Collateral Agent
Event: incurrence

Exact text from the filing

the Company increased the principal amount of its term loans by $265,000,000, for a total principal amount of $767,800,000

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Karman Holdings Inc. amended Third Amendment with Citibank, N.A., as Administrative Agent and Collateral Agent (effective 2026-02-02).

Action: amendment
Agreement: credit facility
Counterparty: Citibank, N.A., as Administrative Agent and Collateral Agent
Effective: 2026-02-02

Exact text from the filing

On February 2, 2026, Karman Holdings Inc. (the “Company”) entered into a Third Amendment to its Credit Agreement (the “Third Amendment”), which amends the Credit Agreement, dated as of April 1, 2025

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Karman Holdings Inc. filing history →

Source: SEC EDGAR

accession 0001193125-26-041284

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