AAON obtains five-year $200 million revolving credit facility

By Rebecca Melvin

Concord, N.H., June 1 – AAON Inc. and related companies entered into a new five-year $200 million senior secured revolving credit facility on May 27 with BOKF NA dba Bank of Oklahoma as administrative agent, according to an 8-K filing with the Securities and Exchange Commission.

The revolver replaces the prior $100 million credit facility dated Nov. 24, 2021.

The borrowers also include AAON Coil Products Inc. and BasX Inc.

In addition to BOKF, the lenders include JPMorgan Chase Bank, NA and U.S. Bank, NA.

With available funds provided by the amended loan agreement, the company completed the purchase of the principal real property and improvements used by BasX for $22 million on May 31, subject to customary closing conditions and adjustments.

The heating and air conditioning equipment company is based in Tulsa, Okla.

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