debt
confidence high
sentiment neutral
materiality 0.60
Atkore enters $373M senior secured term loan to refinance existing debt
Atkore Inc.
- New $373M term loan facility matures Sept 2032 (or 91 days before 2031 note maturity if >$100M remains).
- Interest at Term SOFR + 2.00% or base rate + 1.00%; annual amortization 1%.
- No financial maintenance covenants; secured by assets of Atkore International and guarantors.
- Mandatory prepayment at 50% of excess cash flow when 1st-lien net leverage >3.00x, scaling down.
- Proceeds refinance existing term loans; amendment effective Sept 29, 2025.
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