AAON, INC. 8-K

What Happened

• AAON, Inc. announced on December 29, 2025 that it executed the Sixth Amendment to its Amended and Restated Loan Agreement with BOKF, NA (Bank of Oklahoma) as administrative agent and several lenders. By exercising a previously available $100.0 million accordion feature, AAON increased its committed borrowing capacity from $500.0 million to $600.0 million. The amendment did not change any other terms of the credit facility. Subsidiaries AAON Coil Products, Inc. and BASX, Inc. were parties to the amendment.

Key Details

• Date of amendment: December 29, 2025.
• Increase in credit capacity: $500.0M → $600.0M (exercise of $100.0M accordion).
• Lenders named: BOKF, NA (agent), Wells Fargo, Bank of America, U.S. Bank, Associated Bank.
• Filing notes creation of a direct financial obligation under Item 2.03; no other contractual terms were changed.

Why It Matters

• The amendment gives AAON an additional $100M of committed borrowing capacity, increasing liquidity and financial flexibility for operations, capital expenditures or other needs. If AAON draws on the expanded facility, that would increase its outstanding debt and interest obligations; investors should watch future disclosures for any borrowings or changes in leverage.