Timken Enters $1.2 Billion Unsecured Revolving Credit Facility Maturing July 2031
Timken signed a Sixth Amended and Restated Credit Agreement on July 2, 2026, providing a $1.2 billion unsecured revolving credit facility that replaces its December 5, 2022 revolving credit agreement. The facility matures July 2, 2031, and includes financial covenants requiring maintenance of a consolidated net leverage ratio and a consolidated interest coverage ratio.
Key points
- Facility size is $1.2 billion, unsecured, with a maturity date of July 2, 2031
- Proceeds will refinance the Existing Revolving Credit Agreement dated December 5, 2022, and fund general corporate purposes
- Interest rate and facility fee are based on the company's debt rating; covenants require net leverage and interest coverage ratios within set limits
- Lenders include Bank of America, N.A. and JPMorgan Chase Bank, N.A., which serve as co-administrative agents
The filing
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 July 06, 2026.
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.