Standex expands revolving credit facility to $825M, repays $250M term loan

STANDEX INTERNATIONAL CORP/DE/

Total revolver increased from $500M to $825M via $325M incremental commitment under Second Amendment.
Proceeds used to repay and terminate $250M term loan that funded prior Amran and Narayan acquisitions.
Two new lenders added: PNC Bank, National Association and The Huntington National Bank.
Material terms of credit agreement unchanged; facility matures on same date.
Amendment effective December 6, 2024; adds $75M each from PNC and Huntington.

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