IDEX Corp Amends Credit Agreement — $800M Revolving Facility Extended to 2031

What Happened
IDEX Corporation announced on September 3, 2026 that it amended and restated its Amended and Restated Credit Agreement (originally dated November 1, 2022). The new Second Amended and Restated Credit Agreement establishes an $800 million revolving credit facility with a final maturity date of September 3, 2031 (extended from the prior Nov. 1, 2027 maturity). Bank of America, N.A. serves as administrative agent and swingline lender, with several other banks as co-syndication and documentation agents.

Key Details

• Revolving Facility: $800 million total; up to $100 million available for letters of credit; up to $50 million available as same-day swingline loans.
• Optional increases: Company may request additional commitments, subject to lender approval, with aggregate increases not to exceed $400 million.
• Maturity extensions: Maturity may be extended up to two additional one‑year terms if conditions are met.
• Pricing & payments: Borrowings bear interest at an alternate base rate or Term SOFR (or alternative currency rates) plus a margin tied to IDEX’s long‑term debt rating or its leverage ratio; interest payment timing varies by loan type.
• Covenants & defaults: Includes customary affirmative and negative covenants (e.g., leverage ratio tested quarterly, restrictions on liens, asset sales, dividends, material changes in business, and additional indebtedness) and customary events of default.
• Subsidiary borrowing: The Company may designate certain foreign subsidiaries as borrowers, but must guarantee their obligations if designated.

Why It Matters
This amendment secures near‑term liquidity and financial flexibility for IDEX by extending the maturity profile of its revolving credit and preserving access to an $800M undrawn (or partially drawn) facility for working capital, general corporate purposes, and refinancing. The facilities’ size, letter‑of‑credit and swingline capacity, covenant structure (including the leverage test) and pricing mechanics are material to creditors and investors because they affect the company’s borrowing costs, covenant headroom, and ability to fund operations or acquisitions without immediate capital‑markets financing.