LCI Industries amends credit agreement; sets max total net leverage ratio at 3.50x for Q4 2023, 3.00x thereafter

LCI INDUSTRIES

Maximum total net leverage ratio set at 3.50:1.00 for quarter ending Dec 31, 2023, down from 4.25:1.00 in Q3 2023.
From March 31, 2024 onward, maximum ratio tightened to 3.00:1.00.
Material Acquisitions temporarily increase max to 3.50:1.00 for four quarters; limited to two elections.
Amendment No. 6 executed with JPMorgan and other lenders; reaffirms existing loan document terms.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

LCI INDUSTRIES amended Amendment No. 6 with JPMorgan Chase Bank, N.A., as administrative agent, and the other bank lenders party thereto (effective 2023-12-22).

Action: amendment
Agreement: credit facility
Counterparty: JPMorgan Chase Bank, N.A., as administrative agent, and the other bank lenders party thereto
Effective: 2023-12-22

Exact text from the filing

On December 22, 2023, LCI Industries (the “Company”) and certain of its subsidiaries entered into an Amendment No. 6 (the “Amendment”) which amends the Company’s existing Fourth Amended and Restated Credit Agreement

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622 material agreements filed in the last 30 days. Browse all material agreements →

LCI INDUSTRIES filing history →

Source: SEC EDGAR

accession 0000763744-23-000106

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