AME · 10-Q · 2026Q2 · Full report
Outstanding Indebtedness
AMETEK INC/ · 2026-08-04 · Importance 74 · Surprise 58 · No source text
Total debt, net declined to $2,036.2 million at June 30, 2026 from $2,283.3 million at December 31, 2025, while net debt declined to $1,540.8 million from $1,825.3 million. AMETEK amended its revolving credit agreement on June 9, 2026, increasing commitments from $2.3 billion to $3.5 billion and extending maturity to June 9, 2031. The revolving facility had $2,904.2 million of available capacity at June 30, 2026 and may fund up to $1.0 billion of the Indicor acquisition consideration. The company also established a senior unsecured term-loan facility of up to $4.0 billion for the Indicor acquisition, with no borrowings outstanding at June 30, 2026; cash and equivalents were $495.4 million.
Key facts
- For the first six months of 2026, total borrowings decreased by $208.7 million compared with a $252.7 million decrease for the first six months of 2025. source
- Short-term borrowings and current portion of long-term debt, net at June 30, 2026: $980,633 (in thousands). source
- Long-term debt, net at June 30, 2026: $1,055,541 (in thousands). source
- At June 30, 2026, the Company had $545.0 million outstanding under its commercial paper program. source
- At June 30, 2026, total debt, net was $2,036.2 million, compared with $2,283.3 million at December 31, 2025. source
- Net debt reconciliation at June 30, 2026: total debt, net $2,036.2 million less cash and cash equivalents $495.4 million equals net debt $1,540.8 million; stockholders' equity $11,260.8 million yields capitalization $12,801.6 million and net debt as a percentage of capitalization 12.0%. source
- Total lease liabilities at June 30, 2026: $274,770 (in thousands); right of use assets, net: $259,308 (in thousands). source
- The debt-to-capital ratio was 15.3% at June 30, 2026, compared with 17.7% at December 31, 2025. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | positive | realized | +1.5% | At June 30, 2026, total debt, net was $2,036.2 million, compared with $2,283.3 million at December 31, 2025. |
| liability | positive | realized | +1.3% | For the first six months of 2026, total borrowings decreased by $208.7 million compared with a $252.7 million decrease for the first six… |
| liability | negative | realized | — | Short-term borrowings and current portion of long-term debt, net at June 30, 2026: $980,633 (in thousands). |
| liability | negative | realized | — | Long-term debt, net at June 30, 2026: $1,055,541 (in thousands). |
| liability | negative | realized | — | At June 30, 2026, the Company had $545.0 million outstanding under its commercial paper program. |