Simpson Manufacturing enters $900M credit facility: $600M revolver, $300M term loan

Simpson Manufacturing Co., Inc.

Second Amended and Restated Credit Agreement provides $600M revolving line and $300M term loan, both maturing in 5 years.
Term loan proceeds refinanced existing indebtedness and paid fees; revolver available for acquisitions, working capital, and general needs.
Financial covenants: max net leverage ratio of 3.50:1 (step-up to 4.00:1 for four quarters after qualifying acquisition), min interest coverage 2.50:1.
Facility can be increased by the greater of $525M or 100% of consolidated EBITDA, subject to additional lender commitments.
Applicable margin ranges from 0.00%-0.75% (Base Rate) to 0.65%-1.75% (SOFR/Eurocurrency), based on net leverage ratio.

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

Simpson Manufacturing Co., Inc. incurred term loan of $300,000,000 with Wells Fargo Bank, National Association maturing 5-year.

Instrument: term loan
Principal: $300,000,000
Counterparty: Wells Fargo Bank, National Association
Maturity: 5-year
Event: incurrence

Exact text from the filing

(the “Company”) entered into that certain Second Amended and Restated Credit Agreement (the “Second Amended and Restated Credit Agreement”), among the Company, the subsidiaries of the Company party thereto as guarantors, the lenders party thereto, Wells Fargo Bank, National Association (“Wells Fargo”), as administrative agent, and the other parties party thereto.

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

Simpson Manufacturing Co., Inc. incurred revolving credit of $600,000,000 with Wells Fargo Bank, National Association maturing 5-year.

Instrument: revolving credit
Principal: $600,000,000
Counterparty: Wells Fargo Bank, National Association
Maturity: 5-year
Event: incurrence

Exact text from the filing

The Second Amended and Restated Credit Agreement provides for a 5-year revolving credit facility of $600,000,000

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Simpson Manufacturing Co., Inc. filing history →

Source: SEC EDGAR

accession 0001628280-25-058560

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