IDEX Corp Enters New Credit Agreement
Ticker: IEX · Form: 8-K · Filed: Aug 21, 2024 · CIK: 832101
| Field | Detail |
|---|---|
| Company | Idex Corp /De/ (IEX) |
| Form Type | 8-K |
| Filed Date | Aug 21, 2024 |
| Risk Level | low |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $500.0 million, $495.0 m, $1.7 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: financing, debt
Related Tickers: IEX
TL;DR
IDEX just signed a new credit deal, potentially unlocking cash for growth.
AI Summary
On August 21, 2024, IDEX Corporation entered into a material definitive agreement, specifically a credit agreement, which creates a direct financial obligation for the registrant. The filing details the terms and conditions of this new financial arrangement.
Why It Matters
This filing indicates IDEX Corporation has secured new financing, which could impact its operational flexibility and future investment capabilities.
Risk Assessment
Risk Level: low — The filing reports on a standard credit agreement, which is a common financial activity for corporations and does not inherently signal distress or unusual risk.
Key Players & Entities
- IDEX Corporation (company) — Registrant
- August 21, 2024 (date) — Date of Report
FAQ
What type of material definitive agreement did IDEX Corporation enter into?
IDEX Corporation entered into a credit agreement.
What is the date of the earliest event reported in this filing?
The date of the earliest event reported is August 21, 2024.
What is the principal executive office address of IDEX Corporation?
The principal executive office address is 3100 Sanders Road, Suite 301, Northbrook, Illinois 60062.
What is the telephone number of IDEX Corporation?
The telephone number is (847) 498-7070.
What is the SIC code for IDEX Corporation?
The Standard Industrial Classification (SIC) code is 3561 for Pumps & Pumping Equipment.
Filing Stats: 1,600 words · 6 min read · ~5 pages · Grade level 12.3 · Accepted 2024-08-21 17:26:28
Key Financial Figures
- $500.0 million — eted an underwritten public offering of $500.0 million in aggregate principal amount of its 4.
- $495.0 m — ds from the offering were approximately $495.0 million, after deducting the underwriting
- $1.7 million — ated offering expenses of approximately $1.7 million payable by the Company. The Company int
Filing Documents
- d852169d8k.htm (8-K) — 34KB
- d852169dex42.htm (EX-4.2) — 149KB
- d852169dex51.htm (EX-5.1) — 11KB
- g852169g0819190423955.jpg (GRAPHIC) — 2KB
- 0001193125-24-204531.txt ( ) — 359KB
- iex-20240821.xsd (EX-101.SCH) — 2KB
- iex-20240821_lab.xml (EX-101.LAB) — 18KB
- iex-20240821_pre.xml (EX-101.PRE) — 11KB
- d852169d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Document Description 4.1 Indenture, dated as of December 6, 2010, by and between IDEX Corporation and Computershare Trust Company, N.A., as successor to Wells Fargo Bank, National Association, as trustee (incorporated by reference to Exhibit 4.1 to the Current Report on Form 8-K of IDEX Corporation filed December 7, 2010). 4.2 Fifth Supplemental Indenture, dated as of August 21, 2024, between the Company and Computershare Trust Company, N.A., as successor to Wells Fargo Bank, National Association, as trustee. 4.3 Form of 4.950% Senior Note due 2029 (included as Exhibit A in Exhibit 4.2 hereto). 5.1 Opinion of Sidley Austin LLP. 23.1 Consent of Sidley Austin LLP (included in Exhibit 5.1). 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 3
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. IDEX CORPORATION By: /s/ Abhishek Khandelwal Name: Abhishek Khandelwal Title: Senior Vice President and Chief Financial Officer Date: August 21, 2024 4