Gentherm entered into a Third Amended and Restated Credit Agreement establishing a $550 million secured five-year revolving credit facility to support liquidity and general corporate purposes. The facility includes a $50 million swing line sublimit and a $30 million letter of credit sublimit, with borrowings accruing interest at benchmark rates plus a margin tied to Gentherm's net leverage. Covenants include customary leverage and interest coverage tests. The company expects the agreement to enhance financial flexibility across its U.S. and German operations.
Agreement details:
- Agreement type: Secured five-year revolving credit facility
- Counterparty: Bank of America, as administrative agent, and other lenders
- Signed / Effective: Jun 29 2026 / same
- Duration / Termination: 5 years
- Reason: Enhance liquidity and financial flexibility
Original SEC Filing:
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