DLH reduces debt to $154.6M, amends credit facility with relaxed covenants

DLH Holdings Corp.

Total debt fell to $154.6M at FY-end Sep 30, 2024 from $179.4M a year earlier, a $24.8M reduction.
Q4 debt paydown was $11.9M; all mandatory fiscal 2025 amortization payments have been satisfied.
Credit facility amended: revolver capacity cut from $70M to $50M; Total Leverage and Fixed Charge Coverage ratios modified.
Amendment provides flexibility as DLH navigates expected shift of CMOP program to small-business set-aside contracts.
Full audited FY 2024 results to be released on December 5, 2024; current figures are preliminary.

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