TRIMAS CORP (TRS): debt financing — TriMas amends credit facility: extends maturity to 2030, reduces revolver to $250M

TRIMAS CORP

Maturity date extended to March 31, 2030 under Eighth Amendment dated March 31, 2025.
Revolving commitments reduced from $300M to $250M; certain negative covenant baskets increased.
Rieke Packaging Systems Limited (UK) added as a new Foreign Subsidiary Borrower.
Existing revolving loans repaid and reborrowed as New Revolving Loans on effective date.
Amendment also updates Security Agreement definition of Excluded Assets and waives breakage fees.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

TRIMAS CORP amended credit facility of decreased to $250.0 million with JPMorgan Chase Bank, N.A., as administrative agent maturing March 31, 2030.

Instrument: credit facility
Principal: decreased to $250.0 million
Counterparty: JPMorgan Chase Bank, N.A., as administrative agent
Maturity: March 31, 2030
Event: amendment

Exact text from the filing

extends the maturity date of the credit facility to March 31, 2030, (ii) increases certain negative covenant baskets, (iii) decreases the revolving commitments from $300.0 million to $250.0 million under the Credit Agreement

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Source: SEC EDGAR

accession 0000842633-25-000073

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