Enpro amends credit agreement, sets $800.0 million revolving facility maturing 2030
Enpro Inc. entered into a Second Amendment to its Third Amended and Restated Credit Agreement on April 9, 2025, providing a senior secured revolving credit facility of up to $800.0 million that matures on April 9, 2030. The filing also describes an incremental term loan or revolving commitment option, pricing, financial covenants and collateral, and states that the facility is secured by substantially all assets of Enpro and its subsidiary guarantors.
Key points
- Revolving credit facility of up to $800.0 million, maturing April 9, 2030
- Initial margin of 1.375% for Term SOFR borrowings and 0.375% for alternate base rate borrowings; commitment fee of 0.175% on unused amounts
- Maximum consolidated total net leverage ratio of 4.0 to 1.0, rising to 4.5 to 1.0 for four quarters after a significant acquisition; minimum interest coverage ratio of 2.5 to 1.0
- Incremental term loan or revolving capacity of the greater of $275.0 million and 100% of trailing four-quarter consolidated EBITDA, plus amounts based on a senior secured leverage ratio
The filing
Written by AI on Nov 8, 2026, 1:05 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 April 10, 2025.
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.