ABM Industries Incorporated filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation, Financial Statements and Exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Item 1.01 Entry into a Material Definitive Agreement.
On February 3, 2026, ABM Industries Incorporated (the “Company”) entered into the First Amendment (the “Amendment”), by and among the Company, ABM Aviation UK Limited, a company incorporated and registered in England and Wales as a private company limited by shares and a subsidiary of the Company (“ABM UK”), each of the other subsidiaries of the Company from time to time party thereto (collectively, the “Subsidiary Guarantors”), the Lenders (as defined below) signatory thereto and Bank of America, N.A. as Administrative Agent (the “Agent”), which amends that certain Amended and Restated Credit Agreement, dated as of February 26, 2025 (the “Existing Credit Agreement” and, as amended by the Amendment, the “Credit Agreement”), by and among the Company, ABM UK, the Subsidiary Guarantors party thereto, the financial institutions party thereto from time to time as lenders (the “Lenders”) and the Agent. Capitalized terms used herein, but not otherwise defined, have the meanings provided to them in the Credit Agreement.
Among other things, the Amendment:
A copy of the Amendment is attached hereto as Exhibit 10.1 and is incorporated by reference herein. The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the Amendment.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information set forth in Item 1.01 above is incorporated herein by reference.
On February 3, 2026, the Company incurred $255.0 million of the First Incremental Term Loan, pursuant to the Amendment. The Applicable Rate with respect to the First Incremental Term Loan shall be (i) 2.000% per annum, in the case of Term SOFR Loans, and 1.000% per annum, in the case of Base Rate Loans; provided that on and after the first Adjustment Date occurring after the delivery of a Compliance Certificate for the fiscal quarter of the Company ending April 30, 2026, the Applicable Rate with respect to the First Incremental Term Loan will be determined pursuant to the Applicable Pricing Grid. The other terms and conditions that apply to the new Incremental Term Loan are substantially the same as the terms and conditions that apply to the other term loans outstanding under the Credit Agreement.
The proceeds of the First Incremental Term Loan were used to partially fund the previously disclosed acquisition of all of the issued and outstanding share capital of Iveagh New Opportunities Limited, a company incorporated in Ireland, and its direct and indirect wholly-owned subsidiaries for an aggregate purchase price of approximately $275.0 million in cash, payable in accordance with the terms of the Share Purchase Agreement, dated as of December 15, 2025 with PW Red October S.À R.L, Watchman Investment Holdings Unlimited Company and certain Management Sellers (as defined therein) and subject to the adjustments set forth therein.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
* Schedules and exhibits have been omitted pursuant to Instruction 4 to Item 1.01 of Form 8-K. The Company hereby undertakes to furnish on a supplemental basis a copy of any omitted schedule or exhibit upon request by the Securities and Exchange Commission.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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ABM INDUSTRIES INCORPORATED |
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Date: |
February 5, 2026 |
By: |
/s/ David R. Goldman |
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David R. Goldman |