Core Molding Technologies Extends Credit Facility Through 2031, Increasing Financial Flexibility for Strategic Growth
Core Molding Technologies amended and extended its credit agreement through 2031, establishing a $100 million facility comprising a $50 million delayed draw term loan and a $50 million revolving credit facility. The new structure features a covenant-light framework and a reduced interest rate margin of SOFR plus 1.50% to 3.75%, depending on leverage ratios.
Key figures
- Maturity date
- 2031
- Total facility size
- $100 million
- Interest rate margin
- 1.50% to 3.75% over SOFR
- Delayed draw term loan
- $50 million
- Revolving credit facility
- $50 million
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