MESA LABORATORIES INC /CO/ (MLAB): debt financing — Mesa Laboratories draws $97M under credit facility to repay convertible notes due August 2025

MESA LABORATORIES INC /CO/

Drew $97M under existing Credit Agreement to settle $97.5M of 1.375% Convertible Senior Notes maturing August 2025; total outstanding under credit facility now $108M.
Interest rate on credit facility currently 7.18%, expected to decrease with Fed rate reductions and an additional 25 bps when net leverage ratio falls below 3.0x (expected by Q3 FY2026).
Total net leverage ratio was 3.16 as of June 30, 2025; expected principal payments of ~$20M in Q2–Q4 FY2026 with higher payments in FY2027.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

MESA LABORATORIES INC /CO/ incurred credit facility of $97 million at a base rate or a SOFR rate, plus an applicable spread maturing April 5, 2029.

Instrument: credit facility
Principal: $97 million
Rate: a base rate or a SOFR rate, plus an applicable spread
Maturity: April 5, 2029
Event: incurrence

Exact text from the filing

On August 12, 2025, Mesa Laboratories, Inc. ("the "Company") drew $97 million under its existing Credit Facility.

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Source: SEC EDGAR

accession 0001437749-25-027225

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