Tredegar amends ABL facility: $125M, maturity extended to 2030, rates reduced

TREDEGAR CORP

New $125M asset-based facility; maturity extended from 202X to May 6, 2030.
Interest rate margins reduced: Term Benchmark/RFR Loans 1.75%-2.25%, ABR Loans 0.75%-1.25%.
Commitment fee lowered to 0.25% (usage ≥50%) or 0.375% (usage <50%).
Borrowing base amended: real property excluded; PP&E component limited to 60% of NOLV or 30% of base; cash capped at 15%.
Fixed charge coverage ratio (1.00x) triggered when availability <10% of Line Cap or $10M.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.