Tredegar enters $375M secured revolving credit facility, amends prior agreement

TREDEGAR CORP

Five-year $375M secured revolving credit facility, with accordion to increase by $100M.
Interest rate spread for SOFR loans ranges from 1.50% to 2.00% based on leverage ratio.
Financial covenants: max total net leverage ratio of 4.00x, min interest coverage of 3.00x.
Unlimited dividends/repurchases allowed if net leverage ≤2.00x; otherwise $75M basket.
Guarantee and pledge of substantially all assets by Tredegar and domestic subsidiaries.

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