[8-K] Ralliant Corp Reports Material Event
Rhea-AI Filing Summary
Ralliant Corporation amended its existing credit agreement to lower borrowing costs and remove unused loan capacity. Effective November 24, 2025, the company eliminated the prior credit spread adjustment, reducing the Term SOFR interest rate on its revolving credit facility and term loans by 0.10%. The amendment also removes the ratings-based pricing grid that had linked loan pricing to Ralliant’s debt rating, simplifying how interest rates are set. In addition, lenders permanently reduced outstanding undrawn commitments under the three-year and eighteen-month term loans to $0, which removes the 0.125% ticking fee previously charged on those unused term loan commitments, while leaving all other material terms of the credit agreement unchanged.
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FAQ
What did Ralliant Corporation (RAL) change in its credit agreement?
Ralliant Corporation entered into Amendment No. 1 to its May 15, 2025 credit agreement, modifying interest rate terms, removing a ratings-based pricing grid, and cancelling undrawn term loan commitments.
How does the amendment affect Ralliant’s interest rates on its loans?
The amendment removes the credit spread adjustment, reducing the Term SOFR interest rate by 0.10% on both the revolving credit facility and the term loans.
What happens to Ralliant’s undrawn term loan commitments after this amendment?
The amendment permanently reduces the outstanding undrawn commitments under the three-year term loan and the eighteen-month term loan to $0, meaning those unused commitments are no longer available.
How does the amendment change fees on Ralliant’s unused term loan commitments?
By reducing undrawn term loan commitments to $0, the amendment eliminates the 0.125% ticking fee that had been charged on those undrawn commitments.
Did the amendment change other key terms of Ralliant’s credit facility?
The company states that all other material terms of the May 15, 2025 credit agreement remain in full force and effect as originally executed.
Which lending institutions are parties to the amended Ralliant credit agreement?
The agreement is among Ralliant Corporation, the lenders party to the facility, and PNC Bank, National Association as administrative agent, L/C issuer, and swing line lender.
