HYSTER-YALE, INC. (HY): debt financing — Hyster-Yale adds $25M FILO tranche, switches to SOFR in credit facility amendment

HYSTER-YALE, INC.

New $25.0 million FILO commitment established under revolving credit facility; fully utilized on closing.
Benchmark rate for USD borrowings changed from LIBOR to Term SOFR.
FILO loans bear interest at base rate +2.25% or Term SOFR +3.25%.
FILO commitment amortizes at $4.17M/month starting Dec 1, 2023; terminates May 1, 2024.
Total facility now $325M: domestic $210M, foreign $90M, plus FILO $25M.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

HYSTER-YALE, INC. amended revolving credit of $25.0 million with Bank of America, N.A., as administrative agent and security trustee at Term SOFR plus 3.25% for Term SOFR loans; 2.25% for base rate loans maturing May 1, 2024.

Instrument: revolving credit
Principal: $25.0 million
Counterparty: Bank of America, N.A., as administrative agent and security trustee
Rate: Term SOFR plus 3.25% for Term SOFR loans; 2.25% for base rate loans
Maturity: May 1, 2024
Event: amendment

Exact text from the filing

trustee, for its revolving credit facility (the “Facility”). As a result of the Amendment, among other items, (i) a new tranche of revolving loans with aggregate commitments of $25.0 million (the “FILO Commitments”) was established under the Facility and (ii) the benchmark interest rate for U.S. dollar-denominated borrowings under the Facility changed from LIBOR to

View on SEC.gov

Browse all debt financings →

HYSTER-YALE, INC. filing history →

Source: SEC EDGAR

accession 0001173514-23-000067

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.