SPX Technologies Enters Material Definitive Agreement

TL;DR

SPX Tech just signed a big deal, expect new financial obligations.

AI Summary

On September 9, 2025, SPX Technologies, Inc. entered into a material definitive agreement, creating a direct financial obligation. The filing details this agreement and related financial obligations, with the company's principal executive offices located at 6325 Ardrey Kell Road, Suite 400, Charlotte, NC 28277.

Why It Matters

This filing indicates a significant new financial commitment or obligation for SPX Technologies, which could impact its financial structure and future operations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements and new financial obligations can introduce financial risks and operational changes that require careful monitoring.

Key Players & Entities

• SPX Technologies, Inc. (company) — Registrant
• September 9, 2025 (date) — Date of earliest event reported
• 6325 Ardrey Kell Road, Suite 400, Charlotte, NC 28277 (location) — Principal executive offices

FAQ

Key Financial Figures

• $0.01 — ch registered Common Stock, par value $0.01 SPXC New York Stock Exchange Indi
• $2.025 b — ed financing in the aggregate amount of $2.025 billion, consisting of the following faci
• $500 million — ty in the aggregate principal amount of $500 million; A multicurrency revolving credit fac
• $1.5 billion — rincipal amount up to the equivalent of $1.5 billion (with sublimits equal to the equivalent
• $200 million — h sublimits equal to the equivalents of $200 million for financial letters of credit, $50 mi
• $50 million — illion for financial letters of credit, $50 million for non-financial letters of credit, an
• $250 million — or non-financial letters of credit, and $250 million for non-U.S. exposure); and A bilater
• $25 million — ious currencies up to the equivalent of $25 million. SPXE also may seek additional commit

Filing Documents

• tm2525695d1_8k.htm (8-K) — 55KB
• tm2525695d1_ex10-1.htm (EX-10.1) — 1400KB
• 0001410578-25-002044.txt ( ) — 1909KB
• spxc-20250909.xsd (EX-101.SCH) — 3KB
• spxc-20250909_lab.xml (EX-101.LAB) — 33KB
• spxc-20250909_pre.xml (EX-101.PRE) — 22KB
• tm2525695d1_8k_htm.xml (XML) — 3KB

01. Entry Into a Material Definitive Agreement

Item 1.01. Entry Into a Material Definitive Agreement. On September 9, 2025 (the "Third Amendment Effective Date"), SPX Enterprises, LLC ("SPXE"), a wholly owned subsidiary of SPX Technologies, Inc. (the "Company"), as the U.S. borrower, entered into a Third Amendment to Amended and Restated Credit Agreement and Amendment to Amended and Restated Guarantee and Collateral Agreement (the "Third Amendment") with Bank of America, N.A., as administrative agent (the "Administrative Agent"), the lenders party thereto, and certain domestic subsidiaries of the Company, as guarantors, which amends the Amended and Restated Credit Agreement (as previously amended, the "Existing Credit Agreement"), dated as of August 12, 2022 (as amended by the Third Amendment, the "Amended Credit Agreement"), among the Company, as parent, SPXE, as the U.S. borrower, the foreign subsidiary borrowers party thereto, the lenders party thereto, Deutsche Bank AG, as foreign trade facility agent, and the Administrative Agent. The Amended Credit Agreement provides for committed senior secured financing in the aggregate amount of $2.025 billion, consisting of the following facilities (collectively, the "Senior Credit Facilities"), each with a final maturity of September 9, 2030: A term loan facility in the aggregate principal amount of $500 million; A multicurrency revolving credit facility, which will be available for loans and letters of credit in Dollars, Euro, Sterling and other currencies, in an aggregate principal amount up to the equivalent of $1.5 billion (with sublimits equal to the equivalents of $200 million for financial letters of credit, $50 million for non-financial letters of credit, and $250 million for non-U.S. exposure); and A bilateral foreign credit instrument facility, which will be available for performance letters of credit and bank undertakings, in an aggregate principal amount in various currencies up to the equivalent of $25 million. SPXE also may seek additional commi

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Third Amendment to Amended and Restated Credit Agreement and Amendment to Amended and Restated Guarantee and Collateral Agreement dated as of September 9, 2025 among SPX Enterprises, LLC, as the U.S. Borrower, SPX Technologies, Inc., the other Guarantors party thereto, Bank of America, N.A., as the Administrative Agent, and the Lenders party thereto 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 4

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. SPX TECHNOLOGIES, INC. (Registrant) Date: September 11, 2025 By: /s/ Mark A. Carano Mark A. Carano Vice President, Chief Financial Officer and Treasurer 5

View Full Filing

View this 8-K filing on SEC EDGAR