Timken enters new $1.2 billion revolving credit agreement, matures 2031

Timken Company

Timken Company

TKR

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  • Timken entered a Sixth Amended and Restated Credit Agreement on July 2, 2026, replacing its December 2022 revolving credit facility.
  • New agreement provides a USD 1.2 billion unsecured revolving credit facility, maturing July 2, 2031.
  • Proceeds earmarked to refinance the existing revolver, fund general corporate purposes, support working capital, capex, permitted acquisitions.
  • Borrowing costs set on a ratings-based pricing grid; facility fee also tied to debt rating.
  • Includes net leverage and interest coverage covenants; lenders can accelerate on default, with automatic acceleration on bankruptcy.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The Timken Co. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001206774-26-000349), on July 06, 2026, and is solely responsible for the information contained therein.

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