Stoneridge amends credit facility with eased covenants, extended maturity to July 2027

STONERIDGE INC

Minimum interest coverage ratio reduced from 2.50 to 1.60 for Q1 2026, stepping to 2.50 by Q4 2026.
Maximum leverage ratio increased to 6.75 for Q2 2026, stepping down to 4.00 by Q4 2026.
Maturity extended from November 2, 2026 to July 1, 2027.
Borrowing capacity to reduce to $157.5M on December 31, 2026 from $175M.
Loan parties reaffirm obligations and security interests under the amended agreement.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.97

STONERIDGE INC amended Amendment No. 3 to the Fifth Amended and Restated Credit Agreement with PNC Bank, National Association, as Administrative Agent, and the financial parties thereto valued at $175.0 million (effective 2026-03-06).

Action: amendment
Agreement: credit facility
Counterparty: PNC Bank, National Association, as Administrative Agent, and the financial parties thereto
Value: $175.0 million
Effective: 2026-03-06

Exact text from the filing

On March 6, 2026, Stoneridge, Inc. (the “Company”) entered into Amendment No. 3 to the Fifth Amended and Restated Credit Agreement (the “Credit Facility”) by and among the Company and certain of its subsidiaries as Borrowers, certain of its subsidiaries as Guarantors, PNC Bank, National Association, as Administrative Agent, and the financial parties thereto (“Amendment No. 3”).

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Source: SEC EDGAR

accession 0001043337-26-000016

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