AAON, Inc. AAON Coil Products, Inc. Enters into the First Amendment to the Amended and Restated Loan Agreement
June 01, 2022 at 12:15 pm EDT
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On May 27, 2022 (the “Effective Date”), AAON, Inc., an Oklahoma corporation, AAON Coil Products, Inc., a Texas corporation, and BasX, Inc., an Oregon corporation, all wholly-owned subsidiaries of AAON, Inc., a Nevada Corporation (the "Company"), entered into the First Amendment to the Amended and Restated Loan Agreement (collectively, the "Amended Loan Agreement") with the following lenders: BOKF, NA dba Bank of Oklahoma, JPMorgan Chase Bank, N.A., and U.S. Bank, N.A. (collectively, the "Lenders") with BOKF, NA dba Bank of Oklahoma as the administrative agent for the Lenders. The Amended Loan Agreement provides for a $200 million revolving credit facility with the Lenders from the Effective Date with a maturity date on May 27, 2027, and amends the prior $100 million Amended and Restated Loan Agreement with BOKF, NA dba Bank of Oklahoma dated November 24, 2021.
AAON, Inc. is a producer of heating, ventilation, and air conditioning (HVAC) systems for commercial and industrial indoor environments. The Company operates through three segments: AAON Oklahoma, AAON Coil Products, and BASX. The AAON Oklahoma segment engineers, manufactures, and sells, semi-custom, and custom HVAC systems, designs and manufactures control solutions, and sells retail parts to customers through retail part stores and online. AAON Coil Products segment engineers and manufactures a selection of semi-custom and custom HVAC systems as well as a variety of heating and cooling coils to be used in HVAC systems. BASX segment engineers, manufactures, and sells an array of custom, high-performance cooling solutions for the hyperscale data center market, ventilation solutions for cleanroom environments in the biopharmaceutical, semiconductor, medical and agriculture markets, and highly custom, air handlers and modular solutions for a vast array of markets.
AAON, INC. 
