Simpson Manufacturing Co., Inc. (SSD): debt financing — 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.

View on SEC.gov

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

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Simpson Manufacturing Co., Inc. entered into Second Amended and Restated Credit Agreement with Wells Fargo Bank, National Association, as administrative agent, and the other parties party thereto valued at 5-year revolving credit facility of $600,000,000, 5-year term loan facility of $300,000,000 (effective 2025-12-16).

Action: entry
Agreement: credit facility
Counterparty: Wells Fargo Bank, National Association, as administrative agent, and the other parties party thereto
Value: 5-year revolving credit facility of $600,000,000, 5-year term loan facility of $300,000,000
Effective: 2025-12-16

Exact text from the filing

On December 16, 2025, Simpson Manufacturing Co., Inc. (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.

View on SEC.gov

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Simpson Manufacturing Co., Inc. filing history →

Source: SEC EDGAR

accession 0001628280-25-058560

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