AME · 10-Q · 2026Q2 · Full report

Credit Facility Refinancing

AMETEK INC/ · 2026-08-04 · Importance 100 · Surprise 100 · In source text

On June 9, 2026, AMETEK amended its revolving credit agreement, increasing commitments from $2.3 billion to $3.5 billion and extending maturity to June 9, 2031. The facility may provide up to $1.0 billion toward the Indicor acquisition, while a separate senior unsecured term loan facility of up to $4.0 billion is available solely to finance that transaction. Borrowings under both facilities will bear interest at variable SOFR or alternate base rates plus margins tied to AMETEK’s credit rating or leverage. At June 30, 2026, there were no borrowings under either new facility, while commercial paper outstanding was $545.0 million.

Key facts

• On June 9, 2026, the Company entered into an amended and restated revolving credit agreement which increased aggregate commitments from $2.3 billion to $3.5 billion and extended the maturity to June 9, 2031. source
• On June 9, 2026 the Revolving Credit Agreement increased aggregate commitments from $2.3 billion to $3.5 billion and extended the maturity to June 9, 2031. source
• The Revolving Credit Agreement may be used to fund up to $1.0 billion to fund a portion of the consideration for the Indicor Acquisition. source
• Term Loan Agreement provides for a senior unsecured term loan facility of up to $4.0 billion consisting of three tranches: $1.625 billion maturing three years after funding, $1.625 billion maturing four years after funding, and a tranche maturing five years after funding (amount redacted in text). source
• Upon execution of the Revolving Credit Agreement and the Term Loan Agreement, the previously obtained $5.0 billion in bridge financing commitments were automatically reduced and terminated in full. source
• The Revolving Credit Agreement may be used for general corporate purposes, including working capital, debt refinancing, and up to $1.0 billion to fund a portion of the consideration for the Indicor Acquisition. source
• The Term Loan Agreement provides for a senior unsecured term loan facility of up to $4.0 billion consisting of three tranches: $1.625 billion maturing three years after funding, $1.625 billion maturing four years after funding, and $750 million maturing five years after funding. source
• Funding under the Term Loan Agreement is subject to customary conditions including consummation of the Indicor Acquisition, and the term loans will be available in a single borrowing on the closing date of the Indicor Acquisition; at June 30, 2026 the Company had no borrowings outstanding under the term loans. source

Impact estimates