debt
confidence high
sentiment neutral
materiality 0.40
Lindsay extends $50M credit facility maturity to 2030; gains rights to reduce facility
LINDSAY CORP
- Termination date extended from Aug 26, 2026 to Aug 26, 2030.
- Company may terminate or reduce the $50M facility without premium/penalty (min $10M reduction, max 2 times).
- Unused commitment fee now based on leverage ratio pricing grid.
- Note: $50M unsecured revolving credit facility with Wells Fargo.
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