---
schema_version: "secwatch.filing_event.v1"
accession: "0001043337-23-000061"
form_type: "8-K"
ticker: "SRI"
cik: "0001043337"
company_name: "STONERIDGE INC"
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-08T23:11:46.376994+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Stoneridge enters $275M senior secured revolving credit facility, matures Nov 2026

## Summary
- New $275M facility replaces prior credit facility that was due to mature in June 2024.
- Facility matures November 2, 2026; includes accordion feature to increase availability by up to $150M.
- Covenants similar to prior facility: maximum leverage ratio and minimum interest coverage ratio.
- Six-bank syndicate led by PNC Capital Markets, BofA Securities, and JPMorgan Chase as joint lead arrangers.

## SEC filing metadata
- accession: 0001043337-23-000061
- form_type: 8-K
- ticker: SRI
- cik: 0001043337
- company_name: STONERIDGE INC
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1043337/000104333723000061/0001043337-23-000061-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1043337/000104333723000061/sri-20231102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001043337-23-000061
- JSON: https://secwatch.observer/filing/0001043337-23-000061.json
- Plain text: https://secwatch.observer/filing/0001043337-23-000061.txt

## Key facts
- Debt Financings
  STONERIDGE INC amended revolving credit of $275.0 million senior secured revolving credit facility with PNC Bank, National Association, as Administrative Agent at Base Rate or the SOFR Rate, at the Company’s option, plus an applicable margin b maturing 2026-11-02.
  - Instrument: revolving credit
  - Principal: $275.0 million senior secured revolving credit facility
  - Counterparty: PNC Bank, National Association, as Administrative Agent
  - Rate: Base Rate or the SOFR Rate, at the Company’s option, plus an applicable margin b
  - Maturity: 2026-11-02
  - Event: amendment
  source text: First Merchants Bank and BMO Bank, N.A., as Lenders (the “Fifth Amended and Restated Credit Agreement”). The Fifth Amended and Restated Credit Agreement provides for a $275.0 million senior secured revolving credit facility. The Fifth Amended and Restated Credit Agreement replaces and supersedes the Fourth Amended and Restated Credit Agreement, as previously
  evidence_url: https://www.sec.gov/Archives/edgar/data/1043337/000104333723000061/0001043337-23-000061-index.htm
- Material Agreements
  STONERIDGE INC entered into Fifth Amended and Restated Credit Agreement with PNC Bank, National Association, as Administrative Agent, PNC Capital Markets LLC, BOFA Securities, Inc. and JPMorgan Chase Bank, N.A., as Joint Lead Arrangers, BOFA Securities, Inc. and JPMorgan Chase Bank, N.A as Co-Syndication Agents, U.S. Bank National Association as Documentation Agent, PNC Capi valued at $275.0 million senior secured revolving credit facility (effective 2023-11-02).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: PNC Bank, National Association, as Administrative Agent, PNC Capital Markets LLC, BOFA Securities, Inc. and JPMorgan Chase Bank, N.A., as Joint Lead Arrangers, BOFA Securities, Inc. and JPMorgan Chase Bank, N.A as Co-Syndication Agents, U.S. Bank National Association as Documentation Agent, PNC Capi
  - Value: $275.0 million senior secured revolving credit facility
  - Effective: 2023-11-02
  source text: On November 2, 2023, Stoneridge, Inc. (the “Company”) entered into the Fifth Amended and Restated Credit Agreement, by and among, the Company and certain subsidiaries of the Company (Stoneridge Electronics, Inc., Stoneridge Control Devices, Inc. and Stoneridge B.V.), as Borrowers, certain of its subsidiaries as Guarantors, PNC Bank, National Association, as Administrative Agent, PNC Capital Markets LLC, BOFA Securities, Inc. and JPMorgan Chase Bank, N.A., as Joint Lead Arrangers, BOFA Securities, Inc. and JPMorgan Chase Bank, N.A as Co-Syndication Agents, U.S. Bank National Association as Documentation Agent, PNC Capital Markets, LLC, BOFA Securities, Inc. and JPMorgan Chase Bank, N.A., as Joint Bookrunners, and PNC Bank, National Association, Bank of America, N.A., JPMorgan Chase Bank, N.A., U.S. Bank National Association, First Merchants Bank and BMO Bank, N.A., as Lenders (the “Fifth Amended and Restated Credit Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1043337/000104333723000061/0001043337-23-000061-index.htm
- Material Agreements
  STONERIDGE INC terminated Fourth Amended and Restated Credit Agreement with PNC Bank, National Association, as Administrative Agent, and the other parties thereto (effective 2023-11-02).
  - Action: termination
  - Agreement: credit facility
  - Counterparty: PNC Bank, National Association, as Administrative Agent, and the other parties thereto
  - Effective: 2023-11-02
  source text: The information regarding the Fourth Amended and Restated Credit Agreement set forth in Item 1.01 is incorporated herein by reference.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1043337/000104333723000061/0001043337-23-000061-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.