Form 8-K · Current Report · Filed 2024-03-20
Barnes Group Inc. Refinancing Credit Agreement
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.
- Filer
- B B
- Filed
- Accession
- 0001140361-24-014363
- CIK
- 0000756894
- Signal
- Medium impact
- Source
- Official filing on sec.gov ↗
Items reported
Entry into a Material Definitive Agreement
Creation of a Direct Financial Obligation
Financial Statements and Exhibits
Market reaction
Close before filing
$15.25
Next session
+3.7%
Since filing
+140.9%
Latest close
$36.73
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from B reporting the same item, with the next session's move:
Exhibits (1)
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