Ralliant (NYSE: RAL) refinances $530.8M loan and adjusts leverage terms
Rhea-AI Filing Summary
Ralliant Corporation has amended its senior credit facility to extend and adjust its term loans. The company refinanced a $530.8 million term loan due December 2026 with a new $550 million term loan maturing in March 2029 at a borrowing rate that is 12.5% of a basis point higher than the prior rate.
The amendment also reduces a separate $619.2 million term loan due June 2028 to $600 million and lowers its borrowing rate by 12.5% basis points. In addition, it removes an 85% cap on netting cash and cash equivalents held outside the United States when calculating the consolidated net leverage ratio, while all other material credit agreement terms remain unchanged.
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Insights
Ralliant extends debt maturities, modestly reprices term loans, and gains more flexible leverage calculations.
The amendment replaces a $530.8 million term loan due December 2026 with a slightly larger $550 million facility maturing in March 2029, at a borrowing rate that is 12.5% basis points higher. This pushes a sizable maturity further out, improving the time available to service or repay that debt.
The company also trims a separate term loan from $619.2 million to $600 million and reduces its rate by 12.5% basis points, which may lower interest expense on that tranche. Removing the 85% cap on netting non‑U.S. cash in the consolidated net leverage ratio calculation could make reported leverage appear lower when significant cash is held abroad, within the framework of the existing covenants.
8-K Event Classification
Key Figures
Key Terms
Material Definitive Agreement regulatory
Credit Agreement financial
consolidated net leverage ratio financial
term loan financial
direct financial obligation regulatory
off-balance sheet arrangement financial
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
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Item 1.01 Entry Into a Material Definitive Agreement
On March 30, 2026, Ralliant Corporation, a Delaware corporation (the “Company”), entered into Amendment No. 2 (the “Second Amendment”) to the Credit Agreement dated as of May 15, 2025, as amended by Amendment No. 1 to the Credit Agreement dated as of November 24, 2025, by and among the Company, the lenders party thereto and PNC Bank, National Association, as administrative agent (as so amended, the “Credit Agreement”).
The Second Amendment, among other things, (i) refinances the outstanding $530.8 million term loan due December 2026 with a $550 million term loan due March 2029 that includes an applicable borrowing rate thereunder that is 12.5 basis points higher than the current rate; (ii) reduces the outstanding $619.2 million term loan due June 2028 to $600 million and decreases the applicable borrowing rate thereunder by 12.5 basis points; and (iii) removes the 85% cap on netting cash and cash equivalents outside of the United States for purposes of calculating the consolidated net leverage ratio. All other material terms of the Credit Agreement remain unchanged.
The foregoing description of the Second Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Second Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant
The disclosure under Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits:
| Exhibit No. | Description | |
| 10.1 | Amendment No. 2 and Limited Consent to Credit Agreement, dated March 30, 2026, by and among Ralliant Corporation, PNC Bank, National Association, as Administrative Agent, L/C Issuer and Swing Line Lender, and the other Lenders party thereto | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| RALLIANT CORPORATION | ||
| Date: March 31, 2026 | By: | /s/ Teo Osben |
| Name: | Teo Osben | |
| Title: | Chief Accounting Officer | |
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