Ducommun enters new $450M credit facility, repays existing debt

DUCOMMUN INC /DE/

New 5-year credit agreement includes $250M term loan and $200M revolving credit facility.
Proceeds used to repay all outstanding loans and terminate the existing credit agreement.
Term loan amortizes quarterly; revolver and term loan mature July 14, 2027.
Financial covenants: max consolidated total net adjusted leverage ratio 4.75:1, min interest coverage 2.50:1.
Interest rates based on Term SOFR plus margin ranging from 1.375% to 2.375%.

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