KENNAMETAL INC entered into Term Loan Credit Agreement with Bank of America, N.A., as administrative agent valued at $500,000,000 (effective 2026-05-28).
“Also on May 28, 2026, the Company entered into a $500,000,000 Term Loan Credit Agreement (the “Term Loan Credit Agreement”) with the several banks and other financial institutions or entities from time to time parties thereto (the “Term Loan Lenders”), PNC Bank, National Association and U.S. Bank National Association, as co-syndication agents, and Bank of America, N.A., as administrative agent.”
Material Agreements
KENNAMETAL INC entered into First Amendment to Seventh Amended and Restated Credit Agreement and Commitment Increase Amendment with Bank of America, N.A., as administrative agent (effective 2026-05-28).
“On May 28, 2026, Kennametal Inc. (the “Company”) and Kennametal Europe GmbH, a Swiss limited liability company and wholly-owned foreign subsidiary of the Company (“Kennametal Europe”), entered into a First Amendment to Seventh Amended and Restated Credit Agreement and Commitment Increase Amendment (the “First Amendment”) with the several banks and other financial institutions or entities from time to time parties thereto (the “Revolving Lenders”), Bank of America, N.A., London Branch, as euro swingline lender, PNC Bank, National Association, BNP Paribas and U.S. Bank National Association, as co-syndication agents, Citizens Bank, N.A., as documentation agent, and Bank of America, N.A., as administrative agent.”
Debt Financings
KENNAMETAL INC incurred senior notes of $300,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association at 5.800% maturing May 28, 2036.
“On May 28, 2026 Kennametal Inc., a Pennsylvania corporation (“Kennametal” or the “Company”), completed the public offer and sale of $300,000,000 aggregate principal amount of the Company’s 5.800% Senior Notes due May 28, 2036 (the “Notes”).”
Earnings Releases
KENNAMETAL INC reported fiscal 2026 third quarter ended March 31, 2026 results: revenue $593 million, EPS $0.75. Guidance raised.
“Sales of $593 million increased 22 percent from $486 million in the prior year quarter”
Debt Financings
KENNAMETAL INC incurred revolving credit of $650 million with Bank of America, N.A., as administrative agent at Term SOFR plus the Term SOFR Applicable Margin maturing November 17, 2030.
“On November 17, 2025, Kennametal Inc. (the “Company”) and Kennametal Europe GmbH, a Swiss limited liability company and wholly-owned foreign subsidiary of the Company (“Kennametal Europe”), entered into an unsecured $650 million five-year Seventh Amended and Restated Credit Agreement (the “Agreement”) with the several banks and other financial institutions or entities from time to time parties thereto (the “Lenders”), Bank of America , N.A., London Branch, as euro swingline lender, PNC Bank, National Association, BNP Paribas and U.S. Bank National Association, as co-syndication agents, Citizens Bank, N.A., as documentation agent, and Bank of America, N.A., as administrative agent.”
Cindy L. Davis departed as Member of the Board of Directors at KENNAMETAL INC.
“Cindy L. Davis provided notice to the Company that she does not intend to run for re-election to the Board at the Annual Meeting of Shareowners to be held in October 2025. She will retire from the Board as of September 1, 2025.”
Shelley Bausch was appointed as Member of the Board of Directors at KENNAMETAL INC.
“the appointment of Shelley Bausch, age 60, to serve as a member of the Board of Directors to hold office from May 1, 2025”
Franklin Cardenas departed as other_named_officer at KENNAMETAL INC.
“Mr. Franklin Cardenas leaving the Company.”
Doug Dietrich was appointed as member of the Board of Directors at KENNAMETAL INC.
“On January 28, 2025, the Board of Directors (the “Board”) of Kennametal Inc. (the “Company”) announced the appointment of Doug Dietrich, age 55, to serve as a member of the Board of Directors to hold office from February 1, 2025 until the Annual Meeting of Shareholders in October 2025”
Franklin Cardenas departed as Vice President, Kennametal Inc. and President, Infrastructure Business Segment at KENNAMETAL INC.
“Mr. Hamadi succeeds Mr. Franklin Cardenas, the Company’s current Vice President, Kennametal Inc. and President, Infrastructure Business Segment, who has served in the role from February 20, 2020 to date and will cease serving in such role effective January 20, 2025.”
Faisal Hamadi was appointed as Vice President, Kennametal Inc. and President, Infrastructure Business Segment at KENNAMETAL INC.
“On January 13, 2025, the Board of Directors (the “Board”) of Kennametal Inc. (the “Company” or “Kennametal”) announced the appointment of Faisal Hamadi, age 40, to serve as Vice President, Kennametal Inc. and President, Infrastructure Business Segment effective January 20, 2025.”
C. David Bersaglini was appointed as Vice President, Kennametal Inc. and President, Metal Cutting Business Segment at KENNAMETAL INC.
“the election of C. David Bersaglini ("Mr. Bersaglini") to serve as a Vice President, Kennametal Inc. and President, Metal Cutting Business Segment, effective as of August 26, 2024.”
Lawrence W. Stranghoener departed as Director at KENNAMETAL INC.
“Lawrence W. Stranghoener provided notice to the Company that he does not intend to run for re-election to the Board at the Annual Meeting of Shareowners to be held in October 2024. He will retire from the Board at the end of that meeting.”
C. David Bersaglini was appointed as Vice President and President, Metal Cutting Business Segment at KENNAMETAL INC.
“elected C. David Bersaglini to serve as Vice President and President, Metal Cutting Business Segment effective on or about August 26, 2024.”
Earnings Releases
KENNAMETAL INC reported fiscal 2024 third quarter ended March 31, 2024 results: revenue $516 million, EPS $0.24. Guidance reaffirmed.
“Kennametal Inc. (NYSE: KMT) (the "Company") today reported results for its fiscal 2024 third quarter ended March 31, 2024, with sales of $516 million, compared to $536 million in the prior year quarter, and earnings per diluted share (EPS) of $0.24, compared with $0.39 in the prior year quarter.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.