Oshkosh Corp Enters Material Definitive Agreement

TL;DR

Oshkosh Corp just signed a big financial deal, details inside.

AI Summary

Oshkosh Corporation entered into a material definitive agreement on April 3, 2024, related to a direct financial obligation. The filing details this agreement and its implications for the company's financial standing. Specific terms and the exact nature of the financial obligation are outlined within the document.

Why It Matters

This filing indicates a significant financial commitment or obligation for Oshkosh Corporation, which could impact its financial health and future operations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements and financial obligations can introduce new risks or alter existing ones for a company.

Key Players & Entities

• Oshkosh Corporation (company) — Registrant
• Wisconsin (location) — State of incorporation
• April 3, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.01 — nge on which registered Common Stock ($0.01 par value) OSK New York Stock Excha
• $450 million — may be outstanding from time to time by $450 million (from $1.1 billion to $1.55 billion) by
• $1.1 billion — from time to time by $450 million (from $1.1 billion to $1.55 billion) by means of the Compa
• $1.55 billion — e by $450 million (from $1.1 billion to $1.55 billion) by means of the Company's partial exer
• $550 million — f the Company's partial exercise of the $550 million increase option that was available to t
• $100 m — aggregate amount of up to an additional $100 million, provided that certain conditions
• $13.7 million — ers of credit aggregating approximately $13.7 million and outstanding revolving loans aggrega
• $615 m — volving loans aggregating approximately $615 million, no term loans were outstanding,

Filing Documents

• tm2411400d1_8k.htm (8-K) — 35KB
• tm2411400d1_ex4-1.htm (EX-4.1) — 87KB
• 0001104659-24-045208.txt ( ) — 304KB
• osk-20240403.xsd (EX-101.SCH) — 3KB
• osk-20240403_lab.xml (EX-101.LAB) — 33KB
• osk-20240403_pre.xml (EX-101.PRE) — 22KB
• tm2411400d1_8k_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement . On April 3, 2024 (the " Second Amendment Effective Date "), Oshkosh Corporation (the " Company ") entered into a Second Amendment to Third Amended and Restated Credit Agreement and Revolving Credit Facility Increase Agreement (the " Agreement ") among the Company, the Lenders (as defined below) party thereto, and Bank of America, N.A., as administrative agent (the " Agent "), which amends that certain Third Amended and Restated Credit Agreement, dated as of March 23, 2022 (as amended, supplemented, or otherwise modified prior to the Second Amendment Effective Date, the " Existing Credit Agreement "; the Existing Credit Agreement as further amended by the Agreement, the " Credit Agreement "), among the Company, the various lenders from time to time party thereto (the " Lenders "), and the Agent. The Agreement amended the Existing Credit Agreement to, among other things, (i) increase the maximum aggregate unsecured revolving credit facility that may be outstanding from time to time by $450 million (from $1.1 billion to $1.55 billion) by means of the Company's partial exercise of the $550 million increase option that was available to the Company pursuant to the terms of the Existing Credit Agreement (the " Increase ") and make certain conforming changes in connection therewith, and (ii) update certain interest rate benchmarks and related terms, including, without limitation, replacing CDOR (Canadian Dollar Offered Rate) with a forward-looking term rate based on CORRA (Canadian Overnight Repo Rate Average), plus an interest period-specific adjustment of either 29.547 or 32.138 basis points plus a specified margin, for revolving loans denominated in Canadian dollars. After giving effect to the Increase, the Company may increase the aggregate amount of the credit facilities under the Credit Agreement from time to time by an aggregate amount of up to an additional $100 million, provided that certain conditions are

03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant . The information provided in

01 of this Current Report on Form 8-K is hereby incorporated by reference into this Item 2.03

Item 1.01 of this Current Report on Form 8-K is hereby incorporated by reference into this Item 2.03.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits . (d) Exhibits. 2 EXHIBIT INDEX Exhibit No. Description (4.1) Second Amendment to Third Amended and Restated Credit Agreement and Revolving Credit Facility Increase Agreement, dated as of April 3, 2024, among Oshkosh Corporation, the various lenders party thereto, and Bank of America, N.A., as administrative agent. (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. OSHKOSH CORPORATION Date: April 9, 2024 By: /s/ Ignacio A. Cortina Ignacio A. Cortina Executive Vice President, Chief Legal Officer and Secretary

View Full Filing

View this 8-K filing on SEC EDGAR