RBC Bearings Incorporated

07/21/2025 | Press release | Distributed by Public on 07/21/2025 06:01

Financial Obligation (Form 8-K)

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement

On July 18, 2025 Roller Bearing Company of America, Inc. ("RBCA"), a subsidiary of RBC Bearings Incorporated, drew down $200.0 million on its $500.0 million revolving credit facility with Wells Fargo Bank, National Association, and the other members of the lender group (the "Revolver"), and used the money to pay a portion of the purchase price to acquire VACCO Industries. See Item 8.01 "Other Events" below.

Following this borrowing, there was $296.3 million of undrawn capacity under the Revolver. All borrowings under the Revolver are due upon the expiration of the Revolver in November 2026, but may be repaid at any time prior to such expiration. For information about the Revolver, see Item 7 "Management's Discussion and Analysis of Financial Condition and Results of Operations-Liquidity-Domestic Credit Facility" in our Annual Report on Form 10-K filed with the Securities and Exchange Commission on May 16, 2025.

Item 8.01 Other Events.

On July 18, 2025 RBCA completed the previously-announced acquisition of VACCO Industries from ESCO Technologies Inc. for $275.0 million in cash, subject to certain post-closing adjustments. The purchase price was paid with borrowing under the Revolver (see Item 2.03 "Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement" above) and cash on hand.

VACCO, located in South El Monte, California, manufactures valves, manifolds, regulators, filters, and other precision components and subsystems for space and naval defense applications.

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