TRANSCAT INC (TRNS): debt financing — Transcat enters new $150M secured credit facility, nearly doubling prior $80M facility

TRANSCAT INC

New 5-year $150M revolving credit facility replaces existing $80M M&T facility; matures July 29, 2030.
Joint lead arrangers M&T and Wells Fargo; additional lender Bank of America.
Leverage ratio covenant capped at 3.00x; fixed charge coverage minimum 1.20x; temporary increase for acquisitions.
Interest: Base Rate + 0.00%-0.75% or SOFR + 1.00%-1.75% based on leverage ratio.
Proceeds for acquisitions, working capital, and general corporate purposes.

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

TRANSCAT INC incurred revolving credit of $150.0 million secured revolving credit facility with Manufacturers and Traders Trust Company at SOFR plus the Applicable Margin maturing July 29, 2030.

Instrument: revolving credit
Principal: $150.0 million secured revolving credit facility
Counterparty: Manufacturers and Traders Trust Company
Rate: SOFR plus the Applicable Margin
Maturity: July 29, 2030
Event: incurrence

Exact text from the filing

On July 29, 2025, Transcat, Inc. (the “Company”) entered into a Credit Agreement (the “Credit Agreement”) with a group of three lenders which establishes a new five-year $150.0 million secured revolving credit facility (the “Credit Facility”).

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Source: SEC EDGAR

accession 0001206774-25-000477

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