debt
confidence high
sentiment positive
materiality 0.55
NACCO subsidiary expands revolving credit facility to $200M, extends to 2028
NACCO INDUSTRIES INC
- Revolver increased from $150M to $200M; maturity extended to September 16, 2028.
- Interest rate margin based on leverage ratio (2.50%-3.00% for SOFR loans).
- New guarantor Crossbow Energy Partners, LLC added; two subsidiaries removed as guarantors.
- Amended Credit Agreement maintains leverage covenant ≤2.75x and interest coverage ≥4.00x.