Barnes Group Inc. Refinancing Credit Agreement

Summary

On March 19, 2024, Barnes Group Inc. entered into a Refinancing Amendment to its Credit Agreement, replacing its existing $648,375,000 term loans with new term loans having reduced interest rates. The new term loans, issued with a reduced interest rate margin, were used to refinance the existing term loans. The ABR loans now have an interest rate margin of 1.50%, and the Term SOFR loans have an interest rate margin of 2.50%, both with a Term SOFR floor of 0.0%. The maturity of the new term loans remains August 31, 2030.