Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 1.0
POWELL INDUSTRIES INC incurred revolving credit of $125,000,000 with Bank of America, N.A. at 0.00% to 2.00% depending on the type of loan and the Company’s consolidated net.
- Instrument
- revolving credit
- Principal
- $125,000,000
- Counterparty
- Bank of America, N.A.
- Rate
- 0.00% to 2.00% depending on the type of loan and the Company’s consolidated net
- Event
- incurrence
Exact text from the filing
the Company, together with certain of its direct subsidiaries, entered into a second amendment to the U.S. Revolver (the “Second Amendment”) with the lenders party thereto and Bank of America, as Administrative Agent, Swingline Lender, L/C Issuer and a Lender. The Second Amendment amended the U.S. Revolver by, among other things, (i) increasing the amount of the revolving line of credit extended to the Company thereunder from $75,000,000 to $125,000,000
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
POWELL INDUSTRIES INC amended Second Amendment with Bank of America, N.A., as Administrative Agent, Swingline Lender, L/C Issuer and a Lender valued at increasing the amount of the revolving line of credit ... from $75,000,000 to $125,000,000 (effective 2023-03-31).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Bank of America, N.A., as Administrative Agent, Swingline Lender, L/C Issuer and a Lender
- Value
- increasing the amount of the revolving line of credit ... from $75,000,000 to $125,000,000
- Effective
- 2023-03-31
Exact text from the filing
On March 31, 2023, the Company, together with certain of its direct subsidiaries, entered into a second amendment to the U.S. Revolver (the "Second Amendment") with the lenders party thereto and Bank of America, as Administrative Agent, Swingline Lender, L/C Issuer and a Lender.
View on SEC.gov