Core Molding Technologies entered into a Third Amendment to its Credit Agreement to expand liquidity and lower borrowing costs. The amendment increases the revolving credit commitment to $50 million, adds a $50 million delayed draw term loan facility, and reduces the applicable margin to 125–200 bps based on leverage. It also extends maturity for five years, refines EBITDA definitions for specified relocation and retirement costs, and limits restricted payments to $10 million in fiscal years 2026 and 2027.
Agreement details:
- Agreement type: Amended credit agreement with expanded revolver and delayed draw term loan
- Counterparty: Huntington National Bank, as administrative agent, and other lenders
- Signed / Effective: Jul 02 2026 / same
- Duration / Termination: 5 years
- Reason: Increase liquidity and reduce borrowing costs
Original SEC Filing:
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