Kewaunee Scientific Announces Early Full Repayment of Seller Notes and Successful Debt Refinancing

Reuters12-05

Kewaunee Scientific Announces Early Full Repayment of Seller Notes and Successful Debt Refinancing

Kewaunee Scientific Corporation has announced the successful refinancing of its debt and the full, early repayment of Seller Notes originally issued in connection with the acquisition of Nu Aire, Inc. The Seller Notes, with an original principal balance of $23 million and a maturity date of November 1, 2027, were repaid ahead of schedule on December 4, 2025. This repayment was funded in part through an amendment to the company's loan agreement with PNC Bank, which included an additional $10 million term loan and access to the company's revolving line of credit. The company stated that these actions have lowered its overall debt load, reduced its effective interest rate, and materially decreased expected future interest expenses.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kewaunee Scientific Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: CL39817) on December 04, 2025, and is solely responsible for the information contained therein.

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The Seller Notes, with an original principal balance of $23 million and a maturity date of November 1, 2027, were repaid ahead of schedule on December 4, 2025. This repayment was funded in part through an amendment to the company's loan agreement with PNC Bank, which included an additional $10 million term loan and access to the company's revolving line of credit. The company stated that these actions have lowered its overall debt load, reduced its effective interest rate, and materially decreased expected future interest expenses.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kewaunee Scientific Corporation published the original content used to generate this news brief via PR Newswire (Ref. 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