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AMETEK (NYSE: AME) expands $3.5B credit line and inks $4B term loans

Filing Impact
(Very High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

AMETEK, Inc. entered into a new Amended and Restated Revolving Credit Agreement that increases its revolving credit capacity from $2.3 billion to $3.5 billion and extends the maturity to June 9, 2031. This facility can be used for working capital, general corporate purposes and up to $1.0 billion of the consideration and related costs for its planned acquisition of Indicor Holdings.

The company also agreed to a new unsecured Term Loan Credit Agreement for up to $4.0 billion, split into three tranches maturing three, four and five years from draw dates, with borrowing tied to completion of the Indicor acquisition. Both agreements include covenants based on leverage and interest coverage. AMETEK’s prior $5.0 billion bridge financing commitments for the acquisition were automatically terminated after these facilities were put in place.

Positive

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Negative

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Insights

AMETEK replaces bridge financing with long‑term revolver and term loans tied to the Indicor deal.

AMETEK put in place a larger $3.5 billion revolving credit facility and a new $4.0 billion unsecured term loan structure to support its Indicor Holdings acquisition and broader corporate needs. These facilities extend debt maturities and formalize long-term funding.

Both agreements use covenants based on a maximum total net leverage ratio or, after a transition, a minimum interest coverage ratio. They also restrict additional indebtedness, liens and asset sales within specified exceptions. The bridge commitment of $5.0 billion has been terminated, so longer-dated bank debt now anchors the acquisition financing.

Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial
The company incurred a new significant debt or off-balance-sheet obligation.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Revolving credit facility size $3.5 billion Total revolving commitments under Amended and Restated Credit Agreement
Prior revolver size $2.3 billion Aggregate commitments before amendment and restatement
Revolver maturity June 9, 2031 Stated maturity date, subject to extensions
Term loan facility $4.0 billion Total senior unsecured term loans across three tranches
Tranche A loans $1.625 billion Term loans maturing three years from draw date
Tranche B loans $1.625 billion Term loans maturing four years from draw date
Tranche C loans $750 million Term loans maturing five years from draw date
Bridge commitment terminated $5.0 billion Prior Indicor acquisition bridge financing now fully terminated
Amended and Restated Credit Agreement financial
"entered into an Amended and Restated Credit Agreement (the “Revolving Credit Agreement”)"
An amended and restated credit agreement is a company’s original loan contract that has been updated and replaced by a single new document incorporating all changes. Think of it like refinancing and rewriting a mortgage so new payment schedules, interest rates, borrowing limits, or borrower obligations are combined into one clear contract. Investors care because those new terms change a company’s cash flow, borrowing flexibility and default risk, which can affect creditworthiness and share value.
Revolving Loans financial
"commitments to make revolving loans (“Revolving Loans”) from $2.3 billion to $3.5 billion"
A revolving loan is a credit line that lets a borrower draw, repay and draw again up to a set limit for a specified period, much like a business credit card. It matters to investors because it provides short-term cash flexibility and affects a company’s financial health — higher reliance on revolving loans can raise borrowing costs, increase repayment risk if cash dries up, and signal how easily the company can fund operations without issuing new stock.
Term Loan Credit Agreement financial
"entered into a Term Loan Credit Agreement (the “Term Loan Agreement”)"
A term loan credit agreement is a formal contract where a borrower receives a fixed sum of money from a lender and agrees to repay it over a set period with interest, much like a multi‑year mortgage or car loan for a business. It matters to investors because the size, cost and rules of the loan affect a company’s cash flow, risk of default and ability to invest or pay dividends; restrictive conditions can also force operational changes.
Term SOFR rate financial
"Loans will bear interest at a rate equal to either a Term SOFR rate or an alternate base rate"
Term SOFR rate is a forward-looking interest rate for a set period (for example one or three months) based on the overnight cost of borrowing cash using Treasury securities as collateral. Think of it as a quoted, agreed-upon lending rate for a future interval, like locking in the expected short-term borrowing cost ahead of time. Investors care because it is used to price loans, bonds and derivatives as a transparent replacement for older benchmarks, affecting interest payments and valuation.
maximum total net leverage ratio financial
"including compliance with either a maximum total net leverage ratio or, following satisfaction of a financial covenant transition condition"
minimum interest coverage ratio financial
"following satisfaction of a financial covenant transition condition, a minimum interest coverage ratio"
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Understanding 8-K Material Events →
0001037868FALSE00010378682026-06-092026-06-09

 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
__________________
FORM 8-K
__________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 9, 2026
__________________
AMETEK, Inc.
(Exact name of registrant as specified in its charter)
__________________
Delaware1-1298114-1682544
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
1100 Cassatt Road
Berwyn,
Pennsylvania
19312
(Address of principal executive offices)(Zip Code)
Registrant’s telephone number, including area code: (610) 647-2121
Not Applicable
(Former name or former address, if changed since last report)
__________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):
☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading symbol(s)Name of each exchange on which registered
Common Stock, $0.01 Par Value (voting)AMENew York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. 



Item 1.01 Entry Into a Material Definitive Agreement.
Amendment and Restatement of Revolving Credit Facility
On June 9, 2026, AMETEK, Inc. (the “Company”), together with certain of its foreign subsidiaries, entered into an Amended and Restated Credit Agreement (the “Revolving Credit Agreement”) with the lenders party thereto, JPMorgan Chase Bank, N.A. and J.P. Morgan SE, as administrative agent, and Bank of America, N.A., PNC Bank, National Association, Truist Bank and Wells Fargo Bank, National Association, as co-syndication agents.

The Revolving Credit Agreement increases the aggregate amount of the lenders’ commitments to make revolving loans (“Revolving Loans”) from $2.3 billion to $3.5 billion and extends the maturity date to June 9, 2031, subject to extensions as further detailed in the Revolving Credit Agreement.
The Revolving Credit Agreement contains affirmative and negative covenants and includes limitations on indebtedness, liens, fundamental changes and asset sales (which are subject to certain exceptions and thresholds) and certain financial covenants including compliance with either a maximum total net leverage ratio or, following satisfaction of a financial covenant transition condition, a minimum interest coverage ratio.

The Company may use up to $1.0 billion of proceeds from the Revolving Loans to pay a portion of the consideration in respect of the previously announced acquisition of all of the outstanding equity interests of Indicor Holdings, LLC, a Delaware limited liability company (the “Indicor Acquisition”), and to pay fees, costs and expenses incurred in connection therewith (“Indicor Consideration”). The proceeds of Revolving Loans may also be used to refinance debt, finance working capital and for general corporate purposes (including acquisitions).

The foregoing description of the Revolving Credit Agreement is a summary only and is qualified in its entirety by reference to the Revolving Credit Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated by reference herein.

Term Loan Facility
On June 9, 2026, the Company also entered into a Term Loan Credit Agreement (the “Term Loan Agreement”), among the Company, the lenders party thereto, Bank of America, N.A., as administrative agent, and JPMorgan Chase Bank, N.A., PNC Bank, National Association, Truist Bank and Wells Fargo Bank, National Association, as syndication agents.

The Term Loan Agreement provides for a senior unsecured term loan facility of up to $4.0 billion consisting of three tranches: (a) $1.625 billion of term loans that will mature three years from the date on which they are drawn (“Tranche A Loans”), (b) $1.625 billion of term loans that will mature four years from the date on which they are drawn (“Tranche B Loans”) and (c) $750 million of term loans that will mature five years from the date on which they are drawn (“Tranche C Loans” and, together with the Tranche A Loans and the Tranche B Loans, the “Term Loans”).

The funding of the Term Loans is subject to customary conditions, including the consummation of the Indicor Acquisition. The proceeds of the Term Loans may only be used in connection with the Indicor Acquisition and are available to the Company in a single borrowing on the closing date of the Indicor Acquisition.

The Loans will bear interest at a rate equal to either a Term SOFR rate or an alternate base rate, in each case, plus an applicable margin based on the Company’s credit rating or leverage level, as elected by the Company.
The Company has the right to prepay the Loans at any time, in whole or in part and without premium or penalty (other than, if applicable, any breakage costs). The Company may also choose to reduce its commitments under the Term Loan Agreement at any time.

The covenants contained in the Term Loan Agreement are substantially similar to the covenants contained in the Revolving Credit Agreement. The Term Loan Agreement contains affirmative and negative covenants and includes limitations on indebtedness, liens, fundamental changes and asset sales (which are subject to certain exceptions and thresholds) and certain financial covenants requiring compliance with either a maximum total net leverage ratio or, following satisfaction of a financial covenant transition condition, a minimum interest coverage ratio. The Term Loan Agreement also contains customary events of default (which are in some cases subject to certain exceptions, thresholds and grace periods) including, but not limited to, nonpayment of principal and interest, failure to perform or observe covenants, breaches of representations and warranties and certain bankruptcy-related events.



The foregoing description of the Term Loan Agreement is a summary only and is qualified in its entirety by reference to the Term Loan Agreement, which is filed as Exhibit 10.2 to this Current Report on Form 8-K and is incorporated by reference herein.

Termination of Bridge Financing Commitment
In connection with entering into a purchase agreement for the Indicor Acquisition, the Company obtained $5.0 billion in bridge financing commitments to fund the Indicor Acquisition. As a result of entering into the Revolving Credit Agreement and the Term Loan Agreement, such bridge financing commitments have been automatically reduced and terminated in full.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation Under Off-Balance Sheet Arrangement of a Registrant.
The information set forth in Item 1.01 is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
10.1
Amended and Restated Credit Agreement, dated June 9, 2026, by and among AMETEK, Inc., the Foreign Subsidiary Borrowers thereto, with the lenders from time to time party thereto and JPMorgan Chase Bank, N.A. and J.P. Morgan SE, as Administrative Agent, and Bank of America, N.A., PNC Bank, National Association, Truist Bank and Wells Fargo Bank, National Association, as Co-Syndication Agents
10.2
Term Loan Credit Agreement, dated June 9, 2026, by AMETEK, Inc., with the lenders from time to time party thereto, Bank of America, N.A. as Administrative Agent, and JPMorgan Chase Bank, N.A., PNC Bank, National Association, Truist Bank and Wells Fargo Bank, National Association, as Syndication Agents
104Cover Page Interactive Data File (embedded within the Inline XBRL document)


SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
AMETEK, Inc.
June 12, 2026By:
/s/ ROBERT J. AMODEI
Name: Robert J. Amodei
Title: Senior Vice President - Controller

Source: View Original Filing on SEC EDGAR

FAQ

What new revolving credit facility did AMETEK (AME) secure?

AMETEK entered a new Amended and Restated Revolving Credit Agreement increasing lender commitments to $3.5 billion and extending maturity to June 9, 2031. The revolver can fund working capital, general corporate purposes, acquisitions and up to $1.0 billion of Indicor acquisition consideration and related costs.

How will AMETEK (AME) finance the Indicor Holdings acquisition?

AMETEK plans to use up to $1.0 billion from its $3.5 billion revolver plus a new $4.0 billion unsecured term loan facility. The term loans fund only in connection with closing the Indicor acquisition and are available in a single borrowing on that closing date.

What are the key terms of AMETEK’s new $4.0 billion term loan facility?

The Term Loan Credit Agreement provides $4.0 billion of senior unsecured loans in three tranches: $1.625 billion maturing in three years, $1.625 billion in four years and $750 million in five years. Loans bear interest at Term SOFR or an alternate base rate plus a margin tied to AMETEK’s credit rating or leverage.

What financial covenants apply to AMETEK’s new credit agreements?

Both the revolver and term loan include covenants limiting indebtedness, liens, fundamental changes and asset sales, subject to exceptions. They require compliance with either a maximum total net leverage ratio or, after a defined transition, a minimum interest coverage ratio, alongside customary events of default and grace periods.

What happened to AMETEK’s $5.0 billion bridge financing commitment?

AMETEK had previously arranged $5.0 billion in bridge financing commitments for the Indicor acquisition. Once the new $3.5 billion revolving credit facility and $4.0 billion term loan agreement were executed, those bridge commitments were automatically reduced and terminated in full, shifting financing to longer-term bank facilities.

How flexible is AMETEK’s new term loan structure?

AMETEK can prepay the term loans at any time in whole or part without premium or penalty, aside from possible breakage costs. The company may also reduce commitments under the Term Loan Credit Agreement. This gives flexibility to manage debt levels after the Indicor acquisition closes and cash flows evolve.

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