Core Molding Technologies enters new $75M credit facility with Huntington, refinances existing debt

CORE MOLDING TECHNOLOGIES INC

New $75M secured credit agreement: $25M revolver, $25M term loan, $25M CapEx loan.
Initial draw: $25M term loan + $13.7M revolver; used to repay $27.6M Wells Fargo debt and $10.8M FGI Note.
Maturity July 22, 2027; interest based on SOFR + 1.80%-2.30% or base rate + 2.80%-3.30%.
Collateral includes US and Canadian assets; guaranteed by subsidiaries Core Composites and Horizon Plastics.
Replaces prior Wells Fargo credit agreement and FGI promissory note; all old liens released.

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