Workflow
and Air Handling Solutions
icon
Search documents
Improving Credit Position Offers Further Upside in Regal Rexnord (RRX) Stock
Yahoo Financeยท 2025-12-14 09:45
Group 1 - Regal Rexnord Corporation (NYSE:RRX) is recognized as one of the top 10 Data Center Cooling Companies to invest in, with a Buy rating reaffirmed by Barclays analyst Julian Mitchell and a price target of $165, indicating a potential upside of 10.85% from current levels [1] - On November 21, Regal Rexnord Corporation signed a Third Amended and Restated Credit Agreement with a banking group led by JPMorgan Chase Bank, securing an unsecured delayed-draw term loan of $850 million maturing on February 21, 2029, and an unsecured revolving credit line of up to $1.5 billion maturing on November 21, 2030 [2] - The company has a strong current ratio of 2.05, indicating its ability to meet short-term obligations with liquid assets, and plans to use the new credit facilities for associated expenses, refinancing existing agreements, general corporate purposes, and financing capital expenditures and working capital [3] Group 2 - Regal Rexnord Corporation provides sustainable solutions through its offerings in motor, power transmission, and air handling solutions, operating in three segments: Power Efficiency Solutions, Industrial Powertrain Solutions, and Automation and Motion Control [4]