debt
confidence high
sentiment neutral
materiality 0.65
SkyWater extends credit facility maturity to 2028, boosts revolver to $130M
SkyWater Technology, Inc
- Maturity of revolving loan facility extended from Dec 2025 to Dec 31, 2028.
- Maximum revolving facility increased from $100M to $130M; $30M incremental facility remains available.
- Equipment advance rate set at 50% with $60M sublimit, no monthly reduction.
- Revised EBITDA definition allows add-backs up to 17.5% of EBITDA (or higher with lender consent).
- Tier III applicable margin set at 4.25% for Term SOFR, 3.25% base rate from effective date.