debt
confidence high
sentiment positive
materiality 0.85
PSI secures $220 million committed revolving credit facility, replacing $135 million facility
POWER SOLUTIONS INTERNATIONAL, INC.
- Power Solutions International entered a new $220 million committed revolving credit facility on September 25, 2026, maturing September 25, 2029.
- The facility includes a $70 million letter-of-credit sublimit and bears interest at Term SOFR plus 1.80% or an alternate base rate plus margin.
- PSI borrowed $35.0 million at closing and repaid all $15.1 million outstanding under its prior Standard Chartered facility, which was terminated without early penalties.
- The prior $135 million facility bore interest at SOFR plus 2.60%; the new facility increases committed capacity and lowers the borrowing spread.
- HSBC is administrative agent; lenders include ANZ, Bank of China Chicago Branch, and BNP Paribas; covenants require 3.00x interest coverage and 3.00x leverage.