AMETEK INC/

$7.5bn committed across 2 active facilities, next covenant test Sep 30, 2026. AME

Industrial Instruments For Measurement, Display, and Control

Recent changes

  1. Jun 12, 2026AMETEK INC/ signs $4bn TERM LOAN CREDIT AGREEMENTSEC ↗
  2. Jun 12, 2026AMETEK INC/ signs $3.5bn AMENDED AND RESTATED CREDIT AGREEMENT, matures Jun 2031SEC ↗

Net leverage: when the limit steps, and which way the company's ratio has been moving.

202520263.94x2.04x0.15xToday
Tested quarterly82.0%ratio 0.63x, estimated, vs 3.50x limit in force at Jun 30, 20263.50x
The Company will not permit the Total Net Leverage Ratio, determined as of the end of each of its fiscal quarters ending on and after June 30, 2026 but prior to the Financial Covenant Transition Date, to be greater than 3.50 to 1.00.
Read the filing on sec.gov ↗
Tested quarterly82.0%ratio 0.63x, estimated, vs 3.50x limit in force at Jun 30, 20263.50x
The Company will not permit the Total Net Leverage Ratio, determined as of the end of each of its fiscal quarters ending on and after June 30, 2026 but prior to the Financial Covenant Transition Date, to be greater than 3.50 to 1.00.
Read the filing on sec.gov ↗
Tested quarterly749.7%ratio 25.49x, estimated, vs 3.00x limit in force at Jun 30, 20263.00x
The Company will not permit the Interest Coverage Ratio, determined as of the end of each of its fiscal quarters ending on and after the Financial Covenant Transition Date, to be less than 3.00 to 1.00.
Read the filing on sec.gov ↗
Tested quarterly749.7%ratio 25.49x, estimated, vs 3.00x limit in force at Jun 30, 20263.00x
The Company will not permit the Interest Coverage Ratio, determined as of the end of each of its fiscal quarters ending on and after the Financial Covenant Transition Date, to be less than 3.00 to 1.00.
Read the filing on sec.gov ↗

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TERM LOAN CREDIT AGREEMENT

Signed Jun 9, 2026

Committed
$4bn
Matures
n/a
Agent
BANK OF AMERICA, N.A.
TrancheSizeMaturesMargin
Tranche A$1.63bnn/a88–175 bps
Tranche B$1.63bnn/a88–175 bps
Tranche C$750mn/a88–175 bps

Priced over Term SOFR, floor 0 bps (Delayed draw term loan).

LevelConditionMarginUnused fee
Level Pricing Level ILevel 188 bps7 bps
Level Pricing Level IILevel 2100 bps8 bps
Level Pricing Level IIILevel 3113 bps9 bps
Level Pricing Level IVLevel 4125 bps13 bps
Level Pricing Level VLevel 5138 bps15 bps

§1.01

Priced over Term SOFR, floor 0 bps (Delayed draw term loan).

LevelConditionMarginUnused fee
Level Pricing Level ILevel I100 bps7 bps
Level Pricing Level IILevel II113 bps8 bps
Level Pricing Level IIILevel III125 bps9 bps
Level Pricing Level IVLevel IV138 bps13 bps
Level Pricing Level VLevel V150 bps15 bps

§1.01

Priced over Term SOFR, floor 0 bps (Delayed draw term loan).

LevelConditionMarginUnused fee
Level Pricing Level ILevel I125 bps7 bps
Level Pricing Level IILevel II138 bps8 bps
Level Pricing Level IIILevel III150 bps9 bps
Level Pricing Level IVLevel IV163 bps13 bps
Level Pricing Level VLevel V175 bps15 bps

§1.01

Lenders: BOFA SECURITIES, INC., JPMORGAN CHASE BANK, N.A., PNC BANK CAPITAL MARKETS LLC, TRUIST SECURITIES, WELLS FARGO SECURITIES, LLC

AMENDED AND RESTATED CREDIT AGREEMENT

Signed Sep 22, 2011

Committed
$3.5bn
Matures
Jun 2031
Agent
JPMORGAN CHASE BANK, N.A. and J.P. MORGAN SE
TrancheSizeMaturesMargin
Revolving credit facility$3.5bnJun 203168–110 bps

Priced over Term SOFR, floor 0 bps (Revolving credit facility).

LevelConditionMarginUnused fee
Level Level IPricing Level I68 bps7 bps
Level Level IIPricing Level II80 bps8 bps
Level Level IIIPricing Level III91 bps9 bps
Level Level IVPricing Level IV100 bps13 bps
Level Level VPricing Level V110 bps15 bps

Lenders: JPMORGAN CHASE BANK, N.A., BofA SECURITIES, INC., PNC CAPITAL MARKETS LLC, TRUIST SECURITIES, INC., WELLS FARGO SECURITIES, LLC

No amendments on file yet.

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