Actions extend debt maturities, preserve financial flexibility and support growth opportunities

  • Raised additional $700 million liquidity through new 3-year term loan and expansion of existing revolving credit facility
  • Additional liquidity supports near-term tungsten related working capital needs while preserving long-term flexibility
  • Refinanced $300 million in bonds, extending maturities to 2036, as previously reported
  • Transactions consistent with maintained investment grade credit rating profile

PITTSBURGH, May 29, 2026 /PRNewswire/ -- Kennametal Inc. (NYSE:KMT) (the "Company") today announced a series of financing transactions designed to enhance liquidity, extend debt maturities and position the Company to capture near-term growth opportunities. The actions provide additional financial flexibility to support near-term tungsten related working capital needs while preserving flexibility to respond to future market developments.