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.

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