GNRC · 10-Q · 2026Q3 · Full report
Debt and Liquidity Position
GENERAC HOLDINGS INC. · 2026-11-03 · Importance 37 · Surprise 6 · No source text
At September 30, 2026, Generac had $490.0 million outstanding under its Term Loan B Facility and $700.0 million under its New Tranche A Term Loan Facility, with no borrowings on its $1.0 billion revolving facility. Unused revolving capacity was $994.1 million, net of outstanding letters of credit. The credit facilities mature July 1, 2030; the Term Loan A and revolving facilities bore an interest rate of 4.93% at September 30, 2026. The Term Loan A facility begins quarterly principal repayments on October 1, 2026, ranging from 0.625% to 2.50% of original principal.
Key facts
- On July 1, 2025, Generac extended the maturities of its Term Loan A and Revolving Credit Facilities to July 1, 2030, set the Term Loan A outstanding principal balance at $700 million, reduced revolving capacity to $1 billion, and reduced the interest rate by 0.10%. source
- Generac’s New Tranche A Term Loan Facility and New Revolving Facility mature July 1, 2030; the Term Loan A principal was $700 million, revolving capacity was $1 billion, and the amendment reduced the interest rate by 0.10%. source
- For the nine months ended September 30, 2026, net cash used in financing activities was $45.450 million, compared with $121.294 million in the prior-year period, a decrease in cash used of $75.844 million (62.5%). source
- As of September 30, 2026, Generac had $490.0 million outstanding under Term Loan B, $700.0 million outstanding under Term Loan A, no revolving-facility borrowings, and $994.1 million of unused revolving capacity net of letters of credit. source
- Generac had total liquidity of $1,387.8 million as of September 30, 2026, consisting of $393.7 million of cash and cash equivalents and $994.1 million available under its New Revolving Facility. source
- During the nine months ended September 30, 2026, Generac repaid $131.2 million of debt: $32.0 million of short-term borrowings and $99.2 million of long-term borrowings and finance lease obligations. source
- Generac’s Term Loan A is repayable in increasing quarterly installments of 0.625% to 2.50% of original principal, beginning October 1, 2026. source
- During the nine months ended September 30, 2026, Generac received $33.9 million from short-term borrowings and $84.4 million from long-term borrowings. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | realized | -2.1% | During the nine months ended September 30, 2026, Generac repaid $131.2 million of debt: $32.0 million of short-term borrowings and $99.2… |
| liability | positive | realized | +2.1% | During the nine months ended September 30, 2026, Generac repaid $131.2 million of debt: $32.0 million of short-term borrowings and $99.2… |
| cash | positive | realized | +1.9% | During the nine months ended September 30, 2026, Generac received $33.9 million from short-term borrowings and $84.4 million from… |
| liability | negative | realized | -1.9% | During the nine months ended September 30, 2026, Generac received $33.9 million from short-term borrowings and $84.4 million from… |
| cash | positive | realized | +1.2% | For the nine months ended September 30, 2026, net cash used in financing activities was $45.450 million, compared with $121.294 million in… |
| cash | negative | committed | — | Generac’s Term Loan A is repayable in increasing quarterly installments of 0.625% to 2.50% of original principal, beginning October 1, 2026. |
| liability | positive | committed | — | Generac’s Term Loan A is repayable in increasing quarterly installments of 0.625% to 2.50% of original principal, beginning October 1, 2026. |