The Middleby Corporation entered into a Ninth Amended and Restated Credit Agreement on November 4, 2026, establishing new senior secured credit facilities totaling $3.0 billion. The facility consists of a $2.0 billion multicurrency revolving credit line and a $1.0 billion USD term loan A facility, maturing in November 2031. Proceeds were used to refinance existing debt and for general corporate purposes, including acquisitions and share repurchases. The agreement includes financial covenants limiting the secured net leverage ratio to 3.75x (expandable to 4.25x) and requiring a minimum interest coverage ratio of 3.00x.
The Middleby Corporation manufactures commercial foodservice equipment.
