---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-253476"
form_type: "8-K"
ticker: "KMT"
cik: "0000055242"
company_name: "KENNAMETAL INC"
filed_at: "2026-06-02T20:05:36+00:00"
generated_at: "2026-06-02T20:07:22.969045+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Kennametal expands credit facilities: revolver to $850M, new $500M term loan

## Summary
- Revolving credit facility increased from $650M to $850M via First Amendment on May 28, 2026.
- New $500M unsecured delayed draw term loan agreement executed; draws available until Sept 30, 2026.
- Maximum consolidated leverage ratio covenant remains at 3.75:1 for both facilities.
- Revolver maturity extended to Nov 17, 2030; term loan matures 3 years after initial borrowing.
- Each facility can be incrementally increased by up to $100M subject to lender approval.

## SEC filing metadata
- accession: 0001193125-26-253476
- form_type: 8-K
- ticker: KMT
- cik: 0000055242
- company_name: KENNAMETAL INC
- filed_at: 2026-06-02T20:05:36+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/55242/000119312526253476/0001193125-26-253476-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/55242/000119312526253476/d136977d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-253476
- JSON: https://secwatch.observer/filing/0001193125-26-253476.json
- Plain text: https://secwatch.observer/filing/0001193125-26-253476.txt

## Source-grounded claims
- claim_id: aa15cd0f605661238b0db5c2946e98e12d652f71
  claim: KENNAMETAL INC entered into First Amendment to Seventh Amended and Restated Credit Agreement and Commitment Increase Amendment with Bank of America, N.A., as administrative agent (effective 2026-05-28).
  evidence_excerpt: On May 28, 2026, 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 a First Amendment to Seventh Amended and Restated Credit Agreement and Commitment Increase Amendment (the “First Amendment”) with the several banks and other financial institutions or entities from time to time parties thereto (the “Revolving 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/55242/000119312526253476/0001193125-26-253476-index.htm
- claim_id: c304bb68f47b0da64fcb3bd6279ef7a1ae209d23
  claim: KENNAMETAL INC entered into Term Loan Credit Agreement with Bank of America, N.A., as administrative agent valued at $500,000,000 (effective 2026-05-28).
  evidence_excerpt: Also on May 28, 2026, the Company entered into a $500,000,000 Term Loan Credit Agreement (the “Term Loan Credit Agreement”) with the several banks and other financial institutions or entities from time to time parties thereto (the “Term Loan Lenders”), PNC Bank, National Association and U.S. Bank National Association, as co-syndication agents, and Bank of America, N.A., as administrative agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/55242/000119312526253476/0001193125-26-253476-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.