Midera Food Processing, Inc.

$1bn committed across 1 active facility, next covenant test Sep 30, 2026. MFP

Refrigeration & Service Industry Machinery

Recent changes

  1. Jun 29, 2026Midera Food Processing, Inc. signs $1bn CREDIT AGREEMENT, matures Jun 2031SEC ↗
Tested quarterlyHeadroom not yet measured3.75x
Company shall not permit the Secured Net Leverage Ratio for any Test Period ending on or after the first full Fiscal Quarter ending after the Spin-Off Effective Date to be greater than 3.75 to 1.00 (or, if such Test Period ends during a Financial Covenant Adjustment Period, 4.25 to 1.00).
Read the filing on sec.gov ↗
Tested quarterlyHeadroom not yet measured3.00x
Company will not permit the Consolidated Interest Coverage Ratio for any Test Period ending on or after the first full Fiscal Quarter ending after the Spin-Off Effective Date to be less than 3.00 to 1.00.
Read the filing on sec.gov ↗

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CREDIT AGREEMENT

Signed Jun 29, 2026

Committed
$1bn
Matures
Jun 2031
Agent
BANK OF AMERICA, N.A.
TrancheSizeMaturesMargin
Multicurrency Revolving Facility$250mJun 2031113–200 bps
USD Revolving Facility$750mn/a113–200 bps

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

LevelConditionMarginUnused fee
Level Initial periodFrom Closing Date until delivery of financials for Fiscal Quarter ending October 3, 2026125 bpsn/a
Level Level 1Greater than or equal to 4.0 to 1.0200 bpsn/a
Level Level 2Greater than or equal to 3.25 to 1.0 but less than 4.0 to 1.0175 bpsn/a
Level Level 3Greater than or equal to 2.5 to 1.0 but less than 3.25 to 1.0163 bpsn/a
Level Level 4Greater than or equal to 1.75 to 1.0 but less than 2.5 to 1.0138 bpsn/a
Level Level 5Greater than or equal to 1.0 to 1.0 but less than 1.75 to 1.0125 bpsn/a
Level Level 6Less than 1.0 to 1.0113 bpsn/a
Level Initial fee periodFrom Closing Date until delivery of financials for Fiscal Quarter ending October 3, 2026n/a20 bps
Level Fee Level 1Greater than or equal to 4.0 to 1.0n/a28 bps
Level Fee Level 2Greater than or equal to 3.25 to 1.0 but less than 4.0 to 1.0n/a25 bps
Level Fee Level 3Greater than or equal to 2.5 to 1.0 but less than 3.25 to 1.0n/a23 bps
Level Fee Level 4Greater than or equal to 1.75 to 1.0 but less than 2.5 to 1.0n/a20 bps
Level Fee Level 5Greater than or equal to 1.0 to 1.0 but less than 1.75 to 1.0n/a20 bps
Level Fee Level 6Less than 1.0 to 1.0n/a18 bps

§1.1

Lenders: BANK OF AMERICA, N.A., COOPERATIEVE RABOBANK U.A., NEW YORK BRANCH, JPMORGAN CHASE BANK, N.A., PNC CAPITAL MARKETS LLC, WELLS FARGO BANK, NATIONAL ASSOCIATION

No amendments on file yet.

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