LINCOLN ELECTRIC HOLDINGS, INC. THE LINCOLN ELECTRIC COMPANY LINCOLN ELECTRIC INTERNATIONAL HOLDING COMPANY J.W. HARRIS CO., INC. LINCOLN GLOBAL, INC. LINCOLN ELECTRIC AUTOMATION, INC. $550,000,000 SENIOR NOTES $75,000,000 5.55% Senior Notes, Series...Note Purchase Agreement • June 24th, 2024 • Lincoln Electric Holdings Inc • Metalworkg machinery & equipment • New York
LINCOLN ELECTRIC HOLDINGS, INC., an Ohio corporation (together with any successor thereto that becomes a party hereto pursuant to Section 10.2, the “Company”), The Lincoln Electric Company, an Ohio corporation (“Lincoln”), Lincoln Electric International Holding Company, a Delaware corporation (“International”), J.W. Harris Co., Inc., an Ohio corporation (“Harris”), Lincoln Global, Inc., a Delaware corporation (“Global”), and Lincoln Electric Automation, Inc., an Ohio corporation (“Automation” and with the Company, Lincoln, International, Harris and Global, each an “Original Obligor” and, collectively, the “Original Obligors”), jointly and severally agree with each of the Purchasers as follows:
CREDIT AGREEMENT dated as of June 20, 2024 by and among LINCOLN ELECTRIC HOLDINGS, INC., and certain of its Subsidiaries, as Borrowers THE FINANCIAL INSTITUTIONS PARTY THERETO, as Lenders PNC BANK, NATIONAL ASSOCIATION, in its capacities as Letter of...Credit Agreement • June 24th, 2024 • Lincoln Electric Holdings Inc • Metalworkg machinery & equipment • New York
For purposes of determining the Applicable Margin, the Applicable Margin shall be recomputed as of the end of each Fiscal Quarter ending after the Closing Date based on the Net Leverage Ratio as of the end of such Fiscal Quarter. Any increase or decrease in the Applicable Margin computed as of a Fiscal Quarter end shall be effective on the date on which the certificate evidencing such computation is due to be delivered under Section 8.1(c). If such certificate is not delivered when due in accordance with such Section 8.1(c), then the rates in Pricing Level V shall apply as of the first Banking Day after the date on which such certificate was required to have been delivered and shall remain in effect until the date on which such certificate is delivered.
