Timken enters $1.2B unsecured revolving credit facility maturing 2031

TIMKEN CO

$1.2 billion unsecured revolving credit facility, matures July 2, 2031.
Replaces existing credit agreement dated December 5, 2022.
Interest rate based on grid pricing tied to Timken's debt rating.
Proceeds for refinancing existing facility and general corporate purposes.
Co-administrative agents: Bank of America and JPMorgan Chase.

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