SPX Technologies Increases Revolving Credit Facility to $1.0 Billion for Acquisitions

SPX Technologies, through its subsidiary SPX Enterprises, amended its credit agreement to increase revolving credit commitments from $500 million to $1.0 billion. The company expects to use the increased capacity to finance permitted acquisitions and for other corporate purposes.

“The Second Amendment increases the aggregate revolving credit commitments under the Credit Agreement from $500.0 million to $1.0 billion and makes certain conforming changes and other amendments to the Credit Agreement. The Company expects to utilize the increased revolving credit capacity to finance, in part, permitted acquisitions, to pay related fees, costs and expenses and for other lawful corporate purposes.”

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