DMC Global obtains $200M pro rata credit facility for acquisition

DMC Global Inc. disclosed Dec. 23 that it entered into an amended and restated credit facility due December 2026 that includes a $150 million term loan A and a $50 million revolver. Proceeds from the term loan A were used in connection with the company's completed acquisition of a 60% controlling interest in Arcadia Inc.

Pricing on the facility is tied to a leverage-based grid and benchmarked to the secured overnight financing rate, with pricing at Sofr+150-300, opening at Sofr+250.

KeyBanc Capital Markets and U.S. Bank acted as joint lead arrangers. KeyBank is administrative agent.

The credit facility is covered by a leverage ratio set at 3.5x through March 31, 2022; 3.25x through March 31, 2023; and 3x thereafter.

DMC Global provides a suite of technical products for the energy, industrial and infrastructure markets.