Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
POWELL INDUSTRIES INC amended revolving credit of $150,000,000 with Bank of America, N.A., as Administrative Agent, Swingline Lender, L/C Issuer and a Lender.
- Instrument
- revolving credit
- Principal
- $150,000,000
- Counterparty
- Bank of America, N.A., as Administrative Agent, Swingline Lender, L/C Issuer and a Lender
- Event
- amendment
Exact text from the filing
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 $125,000,000 to $150,000,000, (ii) adding Texas Capital Bank as Syndication Agent and a lender , (iii) amending certain terms related to the calculation of the Company’s consolidated net leverage ratio to
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
POWELL INDUSTRIES INC entered into Third Amendment to Amended and Restated Credit Agreement (U.S. Revolver) with Bank of America, N.A. valued at Increased revolving line of credit from $125,000,000 to $150,000,000 (effective 2023-10-04).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Bank of America, N.A.
- Value
- Increased revolving line of credit from $125,000,000 to $150,000,000
- Effective
- 2023-10-04
Exact text from the filing
On October 4, 2023, the Company, together with certain of its direct subsidiaries, entered into a third amendment to the U.S. Revolver (the “Third Amendment”) with the lenders party thereto and Bank of America, as Administrative Agent, Swingline Lender, L/C Issuer and a Lender.
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