Kennametal (KMT) Amends $500mn Revolving Bank Credit Agreement

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Go back to Kennametal (KMT) Amends $500mn Revolving Bank Credit Agreement

Kennametal Strengthens Balance Sheet & Enhances Liquidity

May 29, 2026 8:30 AM EDT

Actions extend debt maturities, preserve financial flexibility and support growth opportunities

Raised additional $700 million liquidity through new 3-year term loan and expansion of existing revolving credit facilityAdditional liquidity supports near-term tungsten related working capital needs while preserving long-term flexibilityRefinanced $300 million in bonds, extending maturities to 2036, as previously reportedTransactions consistent with maintained investment grade credit rating profile

PITTSBURGH, May 29, 2026 /PRNewswire/ --... More