TIMKEN CO (TKR) Form 8-K — Jul 6, 2026
The Timken Company entered into a Sixth Amended and Restated Credit Agreement with Bank of America, N.A. and JPMorgan Chase Bank, N.A., establishing a $1.2 billion unsecured revolving credit facility. The new facility matures on July 2, 2031, and the proceeds will be used to refinance the existing revolving credit agreement dated December 5, 2022, as well as for general corporate purposes including working capital, capital expenditures, and acquisitions.
Key figures
- Debt Amount
- 1200000000
- Interest Rate
- grid pricing determined by the Company’s debt rating
- Maturity Date
- 2031-07-02
- Facility Type
- unsecured revolving credit facility
- Increase Option Amount
- 600000000
Price after filing
1 day: -3.0%7 days: -2.8%30 days: -0.4%
Close on the filing date to close N calendar days later (from $142.36). Historical, not a forecast.
AI analysis
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