Allient amends credit facilities, raises leverage limits through September 2025
On October 22, 2024, Allient and subsidiary Allied Motion Technologies B.V. amended their revolving credit facility with HSBC and a note purchase agreement, raising the maximum leverage ratio for 2025 and changing how EBITDA is calculated. The amendments also add a 50 basis point interest rate increase on the notes and restrict acquisitions through December 31, 2025, so shareholders get more covenant room but higher borrowing costs and fewer acquisition options.
Key points
- Maximum leverage ratio raised to 4.5:1 for quarters ending March 31 and June 30, 2025, and to 4.0:1 for September 30, 2025
- Note purchase agreement interest rate rises 50 basis points for Q4 2024 through Q3 2025
- Acquisitions restricted through December 31, 2025
- Company also executed a $50 million interest rate swap effective September 30, 2024, with a three-year term
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 25, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.