Hyster-Yale extends joint venture with Wells Fargo to Dec 2028 for dealer financing arm

HYSTER-YALE, INC.

HYG Financial Services (80% Wells Fargo, 20% Hyster-Yale) to continue providing dealer/customer financing through 2028.
Base term extended from Dec 31, 2023 to Dec 31, 2028 per amendment dated Dec 19, 2022.
HYGFS provides debt, lease, and loan financing to independent Hyster/Yale dealers and national accounts in US.
No other material changes to ownership or structure disclosed.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

HYSTER-YALE, INC. amended Amendment to Third Amended and Restated Joint Venture and Shareholders Agreement with Wells Fargo Financial Leasing, Inc. (effective 2022-12-19).

Action: amendment
Agreement: collaboration
Counterparty: Wells Fargo Financial Leasing, Inc.
Effective: 2022-12-19

Exact text from the filing

On December 19, 2022, Hyster-Yale Group, Inc. ("HYG"), a wholly owned subsidiary of Hyster-Yale Materials Handling, Inc. (the "Company"), entered into the Amendment to Third Amended and Restated Joint Venture and Shareholders Agreement (the "Agreement") with Wells Fargo Financial Leasing, Inc. ("Wells Fargo").

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HYSTER-YALE, INC. filing history →

Source: SEC EDGAR

accession 0001173514-22-000085

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