Enerpac Tool Group enters $850 million amended credit agreement maturing October 2031
On October 16, 2026, Enerpac Tool Group entered into an Amended and Restated Credit Agreement with PNC Bank as administrative agent, replacing its September 2022 facility that was due to mature in September 2027. The new agreement provides a $550 million revolving credit facility and a $300 million term loan, both maturing October 16, 2031, and initial borrowings were used to repay the existing debt and pay fees.
Key points
- Revolving credit facility of $550 million, including a $200 million sublimit for Euro, Pound Sterling or other agreed foreign currency borrowings
- $300 million term loan with quarterly principal payments of $0.9375 million starting March 1, 2028, rising over time, and the remaining balance due at maturity on October 16, 2031
- Initial interest at term SOFR plus 1.125%, with margins adjusted by net leverage ratio; the company may request up to $425 million in additional facility capacity, subject to lender commitments
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 7, 2026, 11:17 PM ET, from the text of the filing and its press-release exhibits only.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.