Karman Holdings Inc. 8-K

What Happened
Karman Holdings Inc. (KRMN) filed an 8‑K reporting that on February 2, 2026 it entered into a Third Amendment to its Credit Agreement with Citibank, N.A. as Administrative Agent. The amendment refinanced existing term loans of $502,800,000 to reduce the interest rate by 75 basis points to SOFR + 2.75%, lowered pricing on the revolving credit facility by 75 basis points (highest level now SOFR + 2.50%), and increased the principal amount of its term loans by $265,000,000 to a total of $767,800,000. Karman used the additional term‑loan proceeds to fund its acquisition of Seemann Composites and Material Sciences (announced by press release on February 5, 2026), and to provide working capital and pay related fees and expenses.

Key Details

• Third Amendment executed: February 2, 2026; press release announcing the transaction issued February 5, 2026; Form 8‑K filed February 6, 2026.
• Refinanced existing term loans of $502,800,000 and reduced interest by 75 bps to SOFR + 2.75%.
• Increased term loans by $265,000,000, bringing total term loan principal to $767,800,000.
• Revolving credit facility pricing reduced by 75 bps across leverage tiers; highest tier now SOFR + 2.50%.

Why It Matters
The amendment lowers Karman’s borrowing costs and provides $265M of additional term‑loan financing to complete an acquisition and bolster liquidity. For investors, this means potentially lower interest expense going forward but also higher absolute debt levels after the increase in term loans. The filing is a contractual update to the company’s existing credit arrangement; other Credit Agreement terms remain in effect except as modified by the Third Amendment.