Thermon Group Holdings Amends Credit Agreement with JPMorgan

Thermon Group Holdings ( (THR) ) has provided an announcement.

On July 24, 2025, Thermon Group Holdings, Inc. entered into a Second Amended and Restated Credit Agreement with several lenders and JPMorgan Chase Bank, N.A. This agreement, which amends a prior credit agreement from September 2021, includes a $115 million revolving credit facility and a $125 million term loan facility, both secured and set to mature on July 24, 2030. The facilities will be used for refinancing existing debt and general corporate purposes. The agreement includes financial covenants, security interests, and guarantees by various subsidiaries, enhancing the company’s financial flexibility and operational capabilities.

The most recent analyst rating on (THR) stock is a Buy with a $36.00 price target. To see the full list of analyst forecasts on Thermon Group Holdings stock, see the THR Stock Forecast page.

Spark’s Take on THR Stock

According to Spark, TipRanks’ AI Analyst, THR is a Outperform.

Thermon Group Holdings scores well due to strong financial performance, strategic initiatives, and positive earnings call sentiment. Potential risks include increased liabilities and macroeconomic uncertainties, tempered by solid operational and strategic execution.

To see Spark’s full report on THR stock, click here.

More about Thermon Group Holdings

Average Trading Volume: 180,915

Technical Sentiment Signal: Buy

Current Market Cap: $940.8M

See more data about THR stock on TipRanks’ Stock Analysis page.