---
schema_version: "secwatch.filing_event.v1"
accession: "0001436126-22-000036"
form_type: "8-K"
ticker: "MG"
cik: "0001436126"
company_name: "Mistras Group, Inc."
filed_at: "2022-08-02T23:59:59+00:00"
generated_at: "2026-06-24T05:50:38.072140+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- $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.

## SEC filing metadata
- accession: 0001436126-22-000036
- form_type: 8-K
- ticker: MG
- cik: 0001436126
- company_name: Mistras Group, Inc.
- filed_at: 2022-08-02T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1436126/000143612622000036/0001436126-22-000036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1436126/000143612622000036/a8-kbankagreement.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001436126-22-000036
- JSON: https://secwatch.observer/filing/0001436126-22-000036.json
- Plain text: https://secwatch.observer/filing/0001436126-22-000036.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.