BARNES GROUP INC. (NYSE:B) Files An 8-K Entry into a Material Definitive Agreement

BARNES GROUP INC. (NYSE:B) Files An 8-K Entry into a Material Definitive Agreement

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Item 1.01. Entry into a Material Definitive Agreement.

On February 2, 2017, Barnes Group Inc. (the Company) entered into
an amendment to its existing revolving credit agreement (as
amended, the Amended Credit Agreement) with certain participating
banks and financial institutions. Bank of America, N.A. continues
to act as Administrative Agent for the lenders. The Company,
together with Barnes Group Acquisition GmbH, Barnes Group
Switzerland GmbH, and Barnes Luxembourg (No. 1) S. r.l., are
collectively referred to herein as the Borrowers.

The Amended Credit Agreement extends the maturity date to
February 2, 2022; increases the borrowing availability from
$750,000,000 to $850,000,000; and increases the accordion feature
from $250,000,000 to $350,000,000, resulting in total available
borrowings of $1,200,000,000. Depending on the Companys
consolidated leverage ratio, and at the election of the Company,
borrowings under the Amended Credit Agreement will bear interest
at either LIBOR plus a margin of between 1.10% and 1.70% or the
base rate plus a margin of 0.10% to 0.70%. Further, depending on
the Company’s leverage ratio at the end of each fiscal quarter,
a facility fee ranging between 15 bps and 30 bps will also be
due.

The Amended Credit Agreement generally requires the Company to
maintain a ratio of Consolidated Senior Debt to EBITDA of not
more than 3.25 times, a ratio of Consolidated Total Debt to
EBITDA of not more than 3.75 times, and a ratio of Consolidated
EBITDA to Consolidated Cash Interest Expense of not less than
4.25 times, in each case at the end of each fiscal quarter;
provided that these debt to EBITDA ratios are permitted to
increase for a period of four fiscal quarters after the closing
of certain permitted acquisitions. The Amended Credit Agreement
also contains other customary covenants including, limitations on
incurring additional indebtedness, liens, mergers, asset sales
and transactions with affiliates. The Amended Credit Agreement
also contains customary events of default.

Item 2.03. Creation of a Direct Financial Obligation or
an Obligation under an Off-Balance Sheet Arrangement of a
Registrant.

The information set forth in Item 1.01 is incorporated by
reference into this item.


About BARNES GROUP INC. (NYSE:B)

Barnes Group Inc. is an industrial and aerospace manufacturer and service provider, serving a range of end-markets and customers. The Company’s engineered products, industrial technologies, and solutions are used in applications that provide transportation, manufacturing, healthcare products and technology to the world. Its segments include Industrial and Aerospace. The Industrial segment includes the Molding Solutions, Engineered Components and Nitrogen Gas Products business units. The Aerospace segment includes the original equipment manufacturer (OEM) business and the aftermarket business, which comprises maintenance overhaul and repair (MRO) services, and the manufacture and delivery of aerospace aftermarket spare parts. The Industrial segment is a manufacturer of engineered, precision parts, products and systems for critical applications serving customer base in end-markets.

BARNES GROUP INC. (NYSE:B) Recent Trading Information

BARNES GROUP INC. (NYSE:B) closed its last trading session up +0.18 at 47.70 with 146,754 shares trading hands.

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