Modine enters $275M revolver and $215M+ term loans maturing 2027

MODINE MANUFACTURING CO

$275M senior secured revolver matures Oct 12, 2027; + $175M and €40M term loans.
Quarterly principal installments of 1.25% per term loan starting Mar 31, 2023; balloon at maturity.
Net leverage covenant max 3.25x (temporarily 3.75x for acquisitions); interest coverage min 3.00x.
Amends/restates prior credit agreement originally maturing June 2024; lenders include JPMorgan as agent.

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