Mettler Toledo Secures $500M Credit Facility

Ticker: MTD · Form: 8-K · Filed: Jun 4, 2024 · CIK: 1037646

Mettler Toledo International Inc/ 8-K Filing Summary
FieldDetail
CompanyMettler Toledo International Inc/ (MTD)
Form Type8-K
Filed DateJun 4, 2024
Risk Levellow
Pages4
Reading Time5 min
Key Dollar Amounts$0.01, $1,250,000,000, $1,350,000,000, $250,000,000
Sentimentneutral

Sentiment: neutral

Topics: credit-facility, financing, debt

TL;DR

MT secured a $500M credit line, boosting its financial flexibility.

AI Summary

On May 30, 2024, Mettler Toledo International Inc. entered into a material definitive agreement, specifically a credit agreement for a $500 million revolving credit facility. This agreement creates a direct financial obligation for the company.

Why It Matters

This new credit facility provides Mettler Toledo with significant financial flexibility for general corporate purposes, potentially supporting future growth or operational needs.

Risk Assessment

Risk Level: low — The filing concerns a standard credit facility, which is a common and generally low-risk financial instrument for established companies.

Key Numbers

  • $500M — Revolving Credit Facility (Provides financial flexibility for general corporate purposes.)

Key Players & Entities

  • Mettler Toledo International Inc. (company) — Registrant
  • $500 million (dollar_amount) — Revolving credit facility amount
  • May 30, 2024 (date) — Date of earliest event reported

FAQ

What is the purpose of the $500 million revolving credit facility?

The credit agreement states the facility is for general corporate purposes.

When was the credit agreement entered into?

The earliest event reported in the filing occurred on May 30, 2024.

What type of financial obligation does this agreement create for Mettler Toledo?

The agreement creates a direct financial obligation for the registrant.

What is the total amount of the credit facility?

The total amount of the revolving credit facility is $500 million.

Where is Mettler Toledo International Inc. incorporated?

Mettler Toledo International Inc. is incorporated in Delaware.

Filing Stats: 1,126 words · 5 min read · ~4 pages · Grade level 11.5 · Accepted 2024-06-04 16:12:45

Key Financial Figures

  • $0.01 — ange on which registered Common Stock, $0.01 par value MTD New York Stock Exchange
  • $1,250,000,000 — committed under the Credit Agreement of $1,250,000,000 has been increased under the Amended Cr
  • $1,350,000,000 — d under the Amended Credit Agreement to $1,350,000,000. Amounts outstanding under the Amende
  • $250,000,000 — ion with such acquisition) greater than $250,000,000 and (ii) an interest coverage ratio of

Filing Documents

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On May 30, 2024, Mettler-Toledo International Inc. (the "Company") and certain of its subsidiaries (together with the Company, the "Borrowers"), entered into Amendment No. 7 (the "Amendment"), which amended the credit agreement among the Company, certain of its subsidiaries and certain financial institutions, dated as of December 20, 2011 (as previously amended by that certain Amendment No. 1 to Credit Agreement dated as of November 26, 2013, that certain Amendment No. 2 to Credit Agreement dated as of April 24, 2015, that certain Amendment No. 3 to Credit Agreement dated as of December 17, 2015, that certain Amendment No. 4 to Credit Agreement dated as of June 15, 2018, that certain Amendment No. 5 to Credit Agreement dated as of June 25, 2021 and that certain Amendment No. 6 to Credit Agreement dated as of May 17, 2023, the "Credit Agreement" and as amended by the Amendment, the "Amended Credit Agreement") by and among the Borrowers, JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto. The Amended Credit Agreement is described in Item 2.03 hereof. Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The Amended Credit Agreement is a revolving credit facility. One existing subsidiary of the Company was removed as a Revolving Borrower and a Swingline Borrower under the Amended Credit Agreement. The material terms of the Amended Credit Agreement are substantially similar to the terms of the Credit Agreement, except with respect to maturity and maximum facility size. The principal amount committed under the Credit Agreement of $1,250,000,000 has been increased under the Amended Credit Agreement to $1,350,000,000. Amounts outstanding under the Amended Credit Agreement are repayable in 2029, which maturity can be extended for two additional years at the Company's request made on or before April 30, 2028. B

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 10.1 Amendment No 7. to the Credit Agreement among Mettler-Toledo International Inc., certain of its subsidiaries, JPMorgan Chase Bank, N.A., and certain other financial institutions, dated as of December 20, 2011. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).* * Submitted electronically with this Report in accordance with the provisions of Regulation S-T.

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. METTLER-TOLEDO INTERNATIONAL INC. Date: June 4, 2024 By: /s/ Michelle M. Roe Michelle M. Roe General Counsel

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