Enerpac Tool Group Corp. has entered into an Amended and Restated Credit Agreement, refinancing its previous credit facilities. The new agreement provides for a total of $850 million in financing and extends the company's debt maturity to October 2031. Initial borrowings were used to repay outstanding indebtedness under the prior agreement.
Key Details
- New Facility: The agreement, dated October 16, 2026, provides for a $550 million revolving credit facility and a $300 million term loan.
- Maturity & Repayment: Both facilities mature on October 16, 2031, replacing a prior agreement set to mature in 2027. The term loan requires quarterly principal installments beginning March 1, 2028.
- Expansion Option: The company has an option to request an increase in the facilities by up to an aggregate amount of $425 million, subject to lender commitment and other conditions.