Vontier Corporation had, on March 31, 2026, entered into a 364-day Term Loan Agreement with PNC Bank, National Association, as administrative agent, and the lenders party thereto (the Term Loan Agreement). The Term Loan Agreement provides for a 364-day, USD 300 million senior unsecured term loan facility (the Term Loan Facility). The Term Loan Facility matures on March 30, 2027.
Loans under the Term Loan Facility bear interest, at Vontier's option, at variable per annum rates equal to (i) Term SOFR (as defined in the Term Loan Agreement) for the applicable interest period plus a margin ranging from 0.070% to 1.325% or (ii) a Base Rate (as defined in the Term Loan Agreement) plus a margin ranging from 0% to 0.325%, in each case based on Vontier's long-term debt credit ratings. The Term Loan Agreement also provides for the payment of customary fees. The above description of the Term Loan Agreement is qualified in its entirety by reference to the Term Loan Agreement, which is filed as Exhibit 10.1 hereto and incorporated herein by reference.
The information set forth under Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference. The Term Loan Agreement provides for a 364-day term loan credit facility and the Lenders are willing to do so on the terms and conditions set forth herein. The Term Loan Agreement provides for a 364-day, USD 300 million senior unsecured term loan facility (the Term Loan Facility).
The Term Loan Facility matures on March 30, 2027. Loans under the Term Loan Facility bear interest, at Vontier's option, at variable per annum rates equal to (i) Term SOFR (as defined in the Term Loan Agreement) for the applicable interest period plus a margin ranging from 0.070% to 1.325% or (ii) a Base Rate (as defined in the Term Loan Agreement) plus a margin ranging from 0% to 0.325%, in each case based on Vontier's long-term debt credit ratings. The Term Loan Agreement also provides for the payment of customary fees.
The Borrower shall repay to the Lenders on the Maturity Date the aggregate principal amount of all Loans outstanding on such date. The Borrower shall pay to the Arranger and the Administrative Agent for their own respective accounts, in Dollars, fees in the amounts and at the times specified in the Fee Letter or otherwise separately agreed in writing. Such fees shall be fully earned when paid and shall not be refundable for any reason whatsoever.
The proceeds of any Borrowing are to be used for the repayment of the Borrower's senior unsecured notes maturing in 2026 and for any other lawful corporate purposes of the Borrower or any of its Subsidiaries.
