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AI brief of an SEC Form 8-K · SPX Technologies (SPXC)

SPX Technologies amends $2.025 billion senior credit facilities, maturing September 2030

Neutral Impact 4 of 5 financing Written later

SPX Technologies' subsidiary SPX Enterprises signed a third amendment to its credit agreement with Bank of America as administrative agent, providing $2.025 billion of committed senior secured financing. The initial borrowings will repay debt outstanding under the existing agreement, and all facilities mature September 9, 2030.

Key points

  • Committed senior secured financing totals $2.025 billion across a $500 million term loan, a revolver of up to $1.5 billion, and a $25 million bilateral foreign credit instrument facility
  • All facilities have a final maturity of September 9, 2030
  • Proceeds of initial borrowings will repay indebtedness under the Existing Credit Agreement dated August 12, 2022
  • Covenants require an interest coverage ratio of at least 3.00 to 1.00 and a leverage ratio of no more than 3.75 to 1.00 (4.25 to 1.00 after certain acquisitions)

The filing

CompanySPX Technologies (SPXC)
Form8-K, current report
Filed with the SECSep 11, 2025, 4:15 PM ET
Accession number0001410578-25-002044

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:57 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 September 11, 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.