Transcat, Inc. Secures New $150 Million Credit Facility

On July 29, 2025, Transcat, Inc. entered into a new five-year $150 million secured revolving credit facility with a group of three lenders, replacing its existing $80 million credit facility. The new credit facility, led by Manufacturers and Traders Trust Company (M&T), provides greater financial flexibility and increased borrowing capacity. Borrowing options include revolving loans, swingline loans, and letters of credit. The facility matures on July 29, 2030, and includes interest rates based on the Base Rate or SOFR rate plus an applicable margin. The credit facility also introduces a temporary increase to the leverage ratio covenant in the event of a material permitted acquisition. The company intends to use the facility for refinancing, permitted acquisitions, working capital, and general corporate purposes.