IDEX CORP /DE/ — Form 8-K
Filed September 3, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 28/100
What the filing says
IDEX executed a Second Amended Restated Credit Agreement effective September 3, 2026, maintaining an $800 million revolving credit facility with Bank of America as administrative agent and multiple lenders (JPMorgan Chase, PNC, Wells Fargo, HSBC, Mizuho, Bank of China) as co-agents. The facility includes a $100M letter of credit sublimit and $50M swing line sublimit, with maturity on September 3, 2031. Designated borrowers include IDEX subsidiaries in Netherlands, UK, and Germany. Pricing is tiered (Pricing Levels 1-5) based on debt ratings and total leverage ratio, ranging from 0.795% to 1.300% on Term SOFR loans.
Why this rating
Routine refinancing of existing facility at same size ($800M). Amendment and restatement typical covenant maintenance; no material change in facility amount, tenor, or structure.
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