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Stock impact report

Karman Space & Defense Completes Acquisition of Seemann Composites and MSC, Increases Incremental Term Loan

Karman Holdings Inc. (KRMN) 
Company Research Source: Business Wire
Seemann Composites (“Seemann”) and MSC combine with Karman’s existing maritime programs to form Karman’s Maritime Defense Systems (MDS) end market, broadening Karman’s scope, from deep sea to deep spaceThe transaction significantly expands Karman’s exposure to the Department of War’s highest priority naval programs, including submarine, USV/UUV and tactical surface vessels, which provides access to accelerated long-term growth and visibility to drive shareholder valueThe acquisitions are expected to be immediately accretive to Karman in 2026 across major financial metrics, including revenue growth, funded backlog, EBITDA, earnings per share, and cash flowKarman also closed an amendment to its credit agreement to increase its incremental term loan to $772 million while reducing the associated interest rate by 75 basis points to SOFR plus 2.75% HUNTINGTON BEACH, Calif.--(BUSINESS WIRE)--Karman Space & Defense (“Karman,” “Karman Holdings Inc.” or “the Company”) (NYSE: KRMN), a leader Show less Read more
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