RBC Bearings extends $500 million revolver to 2030, drops interest coverage covenant
RBC Bearings and its subsidiary Roller Bearing Company of America signed a Second Amendment to their credit agreement with Wells Fargo Bank, National Association, as administrative agent, on October 28, 2025. The amendment extends the expiration of the $500 million revolving credit facility to October 28, 2030 and removes the consolidated interest coverage ratio covenant. The $1.3 billion term loan still matures and is repayable in full on November 2, 2026, under the existing terms.
Key points
- Revolving credit facility expiration extended from November 2, 2026 to October 28, 2030
- Consolidated interest coverage ratio covenant removed
- The $1.3 billion term loan remains due in full on November 2, 2026
- Amendment signed October 28, 2025 with Wells Fargo Bank, National Association, as administrative agent
The filing
Written by AI on Nov 8, 2026, 1:11 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 30, 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.