secwatch.observer — SEC 8-K summary
======================================

Issuer:     CORE MOLDING TECHNOLOGIES INC (CMT)
CIK:        0001026655
Form:       8-K
Filed at:   2022-07-28T23:59:59+00:00
Accession:  0001026655-22-000080
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1026655/000102665522000080/0001026655-22-000080-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1026655/000102665522000080/cmt-20220722.htm
  HTML page:      https://secwatch.observer/filing/0001026655-22-000080

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer