Nextracker expands revolving credit facility to $1.0B and ups LC capacity to $500M

Nextpower Inc.

Revolving commitments increased from $500M to $1.0B; letter of credit capacity raised from $300M to $500M.
New $1.0B secured debt basket for surety bonds added; no amounts drawn under revolving facility as of June 21.
Amendment covers various covenant and threshold updates to provide more financing and operational flexibility.
Incremental term loan facilities permitted subject to conditions; facility arranged by JPMorgan, BofA, Citi, Barclays and others.

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