Mistras enters $315M credit facility, upsizing by ~$100M and extending maturity to 2027

Mistras Group, Inc.

$125M term loan A plus $190M revolving credit facility; total borrowing capacity of $315M.
Quarterly amortization reduced from $5M to $1.6M in years 1-2, $2.3M in year 3, $3.1M in years 4-5.
Maximum leverage covenant increased to 4.0x EBITDA through Q2 2023, then 3.75x; prior limit was 3.5x.
Effective credit spread lowered by 25 basis points; maturity extended to July 30, 2027 from December 2023.
Company repaid ~$80M of debt since 2018; new facility supports growth in data solutions and renewables.

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