ALLIENT INC (ALNT): debt financing — Allient issues $50M senior notes at 5.96% due 2031; establishes $150M shelf facility with Prudential

ALLIENT INC

Issued $50M Series A Senior Notes due March 21, 2031, bearing interest at 5.96% per annum, payable quarterly.
Notes are secured by substantially all non-realty assets and fully guaranteed by certain subsidiaries.
Proceeds for general corporate purposes, including repayment of existing indebtedness.
Agreement includes a $150M private shelf facility allowing future issuances at Prudential's discretion.
Customary events of default; lenders may accelerate upon default.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.99

ALLIENT INC incurred senior notes of $50 million with affiliates of PGIM, Inc. ("Prudential") at 5.96% maturing March 21, 2031.

Instrument: senior notes
Principal: $50 million
Counterparty: affiliates of PGIM, Inc. ("Prudential")
Rate: 5.96%
Maturity: March 21, 2031
Event: incurrence

Exact text from the filing

On March 21, 2024, Allient Inc. (the “Company”) issued and sold to certain affiliates of PGIM, Inc. (“Prudential”) $50 million in aggregate principal amount of the Series A Senior Notes due March 21, 2031 (the “Notes”).

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Source: SEC EDGAR

accession 0001558370-24-003855

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