Modine Manufacturing entered into a purchase agreement to acquire the shares of seven target companies held by Luvata Heat Transfer Solution, a company based in Sweden.

According to a related 8-K filing, JPMorgan Chase acted as administrative agent and collateral agent that amended and restated the company’s credit agreement, extending the maturing of the revolving to November 21, 2021 and adding a $275 million term loan.

Bank of Montreal, U.S. Bank and Wells Fargo served as syndication agents. Bank of America and PNC Bank were senior managing agents. JPMorgan Chase Bank, BMO Capital Markets, U.S. Bank and Wells Fargo Securities, were joint bookrunners and joint lead arrangers.

The company intends to draw under the term loan facility and also intends to issue the 5.75% senior secured notes to finance its pending acquisition of the target companies. The drawing under the term loan facility and the issuance of the 5.75% senior secured notes will be subject to various customary closing conditions, including the delivery of customary certificates and legal opinions. The company will not have the right to draw under the term loan facility or to issue such additional secured notes except for the purpose of consummating the acquisition of the target companies.