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The Aaon Group Announces Expansion of Credit Facility to Support Continued Growth

  • The Aaon Group refinanced & expanded its senior credit facility to increase total borrowing capacity from $600 million to $1.2 billion.
  • The new facility extends the company's debt maturity profile to 2031.
  • The amended facility includes $850 million in committed capacity, consisting of a $600 million revolving credit facility & a $250 million term loan facility.
  • An uncommitted accordion feature allows for potential capacity increases of up to $350 million, subject to lender commitments.
  • A $100 million supply chain financing program was added to enhance working capital & cash flow management.
  • The expansion aims to support strategic growth initiatives, capital investments, & supply chain financing.
  • The company plans to file detailed information regarding the new facility in a Current Report on Form 8-K with the SEC.
Company
AAON
Keywords
AAON