secwatch.observer — SEC 8-K summary
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Issuer:     KENNAMETAL INC (KMT)
CIK:        0000055242
Form:       8-K
Filed at:   2026-06-02T20:05:36+00:00
Accession:  0001193125-26-253476
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/55242/000119312526253476/0001193125-26-253476-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/55242/000119312526253476/d136977d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-253476

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