Gentherm enters $500M revolving credit facility, extends maturity to 2027, adds ESG pricing adjustments

Gentherm Inc

New $500M secured revolving credit facility ($25M increase from $475M prior facility) with $50M swing line and $15M L/C sublimits.
Maturity extended from June 27, 2024 to June 10, 2027.
Pricing tied to leverage: SOFR margin 1.125%-2.125%, base rate margin 0.125%-1.125%, commitment fee 0.175%-0.300%.
ESG KPI adjustments: up to 0.05% on interest rate and 0.01% on commitment fee.
Outstanding ~$35M principal and interest from prior facility continued as obligations under new agreement.

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