HYSTER-YALE, INC. (HY): debt financing — Hyster-Yale enters $300M revolving credit facility maturing 2030, replaces prior facility due 2026

HYSTER-YALE, INC.

Facility: $210M domestic + $90M foreign revolving credit lines, matures June 24, 2030.
Can be increased to $400M in $10M increments with lender approval.
Interest margins: base rate +0.25%-0.75%, Term SOFR/EURIBOR +1.25%-1.75% based on excess availability.
Replaces prior facility set to mature June 24, 2026.
Covenants limit dividends; requires minimum fixed charge coverage if excess availability <10% of borrowing base or $20M.

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. incurred revolving credit of $300.0 million revolving credit facility with Bank of America, N.A., as administrative agent and security trustee, BOFA Securities, Inc. and Citibank, N.A. as joint lead arrangers and joint book managers and Citibank, N.A. as syndication agent at Term SOFR or EURIBOR, each as defined in the Credit Agreement, plus an applicabl maturing June 24, 2030.

Instrument: revolving credit
Principal: $300.0 million revolving credit facility
Counterparty: Bank of America, N.A., as administrative agent and security trustee, BOFA Securities, Inc. and Citibank, N.A. as joint lead arrangers and joint book managers and Citibank, N.A. as syndication agent
Rate: Term SOFR or EURIBOR, each as defined in the Credit Agreement, plus an applicabl
Maturity: June 24, 2030
Event: incurrence

Exact text from the filing

with certain financial institutions as lenders, Bank of America, N.A., as administrative agent and security trustee, BOFA Securities, Inc. and Citibank, N.A. as joint lead arrangers and joint book managers and Citibank, N.A. as syndication agent for a $300.0 million revolving credit facility

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HYSTER-YALE, INC. filing history →

Source: SEC EDGAR

accession 0001173514-25-000063

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