Yahoo · Oct 10, 2026
ESCO Technologies (ESE) Is Down 6.2% After Leveraging New Secured Debt To Fund Megger Acquisition
In early October 2026, ESCO Technologies Inc. replaced its 2023 credit agreement with a new senior secured facility comprising a US$500 million revolving credit line and two US$500 million term loans, drawing about US$1 billion to finance the Megger acquisition, refinance existing debt, and cover related transaction costs. The New Credit Agreement, backed by first-priority security interests over most of ESCO’s material assets and featuring a sizable expansion option linked to Consolidated...

