Karman Holdings Closes Acquisition of Seemann Composites and MSC

Reuters02-06 05:11

Karman Holdings Closes Acquisition of Seemann Composites and <a href="https://laohu8.com/S/NPW.SI">MSC</a>

Karman Space & Defense has completed its previously announced acquisition of Seemann Composites and MSC, combining the two companies with Karman's existing maritime programs to establish a new Maritime Defense Systems end market. In connection with the transaction, Karman amended its credit agreement, increasing its incremental term loan to $772 million and reducing the interest rate by 75 basis points to SOFR plus 2.75%. The company used the proceeds to fund the acquisition and provide additional working capital and liquidity. The addition of Seemann and MSC is expected to expand Karman's participation in high-priority U.S. Navy programs and be immediately accretive to revenue growth, funded backlog, EBITDA, earnings per share, and cash flow in 2026. Sid Charbonnet, president of Seemann and MSC, has joined Karman's leadership team.

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. Karman Holdings Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260205411648) on February 05, 2026, and is solely responsible for the information contained therein.

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