DLH Holdings Corp. amends credit agreement, easing leverage and coverage covenants but cutting revolver to $50M

DLH Holdings Corp.

Total leverage ratio maximum raised to 4.5x for Dec 2024–Jun 2025, then 4.75x through Mar 2026, and minimum 4.25x from Mar 2027.
Fixed charge coverage ratio minimum reduced to 1.25x for Dec 2024–Mar 2025, then 1.05x through Mar 2026, and back to 1.25x from Dec 2026.
Revolving credit facility borrowing capacity cut from $70 million to $50 million.
Principal of the secured term loan amortized to $142.5 million as of the amendment effective date.
Amendment dated November 6, 2024; other terms including maturity and pricing unchanged.

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