Enerpac Tool Group secures $850 million credit agreement with PNC as agent
EPAC•Enerpac Tool Group entered an amended credit agreement with PNC Bank as administrative agent, providing a $550 million revolving facility and a $300 million term loan. Both mature October 16, 2031, and replace facilities that matured September 9, 2027.
1. New credit agreement
Enerpac Tool Group entered the agreement on October 16, 2026. It replaces a $625 million revolving facility and a $200 million term loan with a $550 million revolver and a $300 million term loan, both maturing October 16, 2031.
2. Borrowing terms
The borrower may request up to $425 million in additional facilities, subject to conditions including commitments from participating lenders. Initial borrowings bear interest at term SOFR plus 1.13%; proceeds repaid existing debt and covered transaction costs.
