Enerpac Refinances Debt With $850M Amended Credit Facility Through 2031
EPAC is trading near its 52-week low of $32.35 (8.9% above the low).
Summary
Enerpac signed an $850M amended and restated credit facility — a $550M revolver and $300M term loan maturing in 2031 — replacing its 2022 agreement and funding the pending SFE Group acquisition.
Key Events · Financing and Capital Events · EPAC
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Credit Facility Amended and Restated
On October 16, 2026, Enerpac replaced its September 9, 2022 credit agreement with a $550M revolving facility and a $300M term loan, both maturing October 16, 2031.
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Term Loan Upsized, Revolver Trimmed
The term loan grows to $300M from $200M while the revolver shrinks to $550M from $625M, plus a $425M accordion for incremental facilities.
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Pricing and Covenants
Initial pricing is term SOFR + 1.125%, ranging to 1.875% with leverage; covenants cap net leverage at 3.75x (4.25x during acquisition holidays) and require interest coverage of at least 3.00x.
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Proceeds Repay Prior Debt
Initial borrowings repaid outstanding balances under the existing credit agreement and paid fees and transaction expenses.
Analysis · EPAC · Technology
Enerpac has replaced its 2022 credit agreement with a larger, longer-dated facility: a $550M revolver (down from $625M) and a $300M term loan (up from $200M), both maturing October 16, 2031 instead of September 2027. Committed financing capacity for the previously announced $472M SFE Group acquisition and general corporate needs comes from the term loan increase and the $425M accordion. Pricing starts at term SOFR + 1.125% and steps up with leverage, while the covenants (max 3.75x net leverage, min 3.00x interest coverage) leave room for the deal. No equity was issued, so this is a balance-sheet and liquidity event, not dilution.
How filings like this one have moved
In the 30 days to Oct 19, 2026, 29.4% of the 1386 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.50%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, EPAC was trading at $35.23 on NYSE in the Technology sector, with a market capitalization of approximately $1.8B. The 52-week trading range was $32.35 to $43.97. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.