Atkore Inc. announced the successful refinancing of the senior secured term loan facility of its subsidiary, Atkore International, Inc. The existing term loan facility, which was originally scheduled to mature in May 2028, has been replaced with a new $373 million senior secured term loan facility.
The new term loan facility features an extended maturity date, now set for the earlier of September 29, 2032, or 91 days prior to the maturity of the company’s existing senior notes due June 1, 2031, if more than $100 million of such notes remain outstanding. This extension provides greater financial flexibility for Atkore.
Borrowings under the new facility will bear interest at a rate of either Term SOFR (with a floor of 0%) plus 2.00%, or an alternate base rate (with a floor of 1.5%) plus 1.00%. The proceeds from the new term loan were utilized to repay the existing facility and cover associated fees and expenses.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.