Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
LSI INDUSTRIES INC incurred credit facility of $350 million with PNC Capital Markets LLC and PNC Bank, National Association at Secured Overnight Financing Rate or a customary base rate, plus an applicable ma maturing March 31, 2031.
- Instrument
- credit facility
- Principal
- $350 million
- Counterparty
- PNC Capital Markets LLC and PNC Bank, National Association
- Rate
- Secured Overnight Financing Rate or a customary base rate, plus an applicable ma
- Maturity
- March 31, 2031
- Event
- incurrence
Exact text from the filing
The Credit Agreement provides LSI with a senior secured credit facility (“ Senior Secured Credit Facility ”) pursuant to which the Company will be able to borrow up to $350 million, consisting of a $200 million five-year term loan, and a $150 million revolving credit facility.
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M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
LSI INDUSTRIES INC completed an acquisition involving Royston for $325 million (closed 2026-03-24).
- Action
- acquisition
- Counterparty
- Royston
- Consideration
- $325 million
- Closing
- 2026-03-24
Exact text from the filing
On March 24, 2026, LSI completed its acquisition of Royston pursuant to the Merger Agreement. At the closing of the transactions contemplated by the Merger Agreement (the “ Closing ”), LSI paid to the stockholders of Royston the aggregate merger consideration of $325 million, subject to a working capital adjustment (the “ Merger Consideration ”), consisting of (i) $320 million in cash and (ii) $5 million in shares of the Company’s common stock, no par value, (the “ LSI Common Stock ”) issued at a price per share of $22.07, the closing price of the LSI Common Stock on February 19, 2026.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
LSI INDUSTRIES INC entered into Credit Agreement with PNC Capital Markets LLC and PNC Bank, National Association valued at $350 million (effective 2026-03-24).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- PNC Capital Markets LLC and PNC Bank, National Association
- Value
- $350 million
- Effective
- 2026-03-24
Exact text from the filing
On March 24, 2026, LSI Industries Inc. (“ LSI ” or the “ Company ”) entered into a Credit Agreement by and among PNC Capital Markets LLC (“ PNC Capital ”) and PNC Bank, National Association, as Administrative Agent, Swingline Loan Lender and Issuing Lender (“ PNC Bank ” and together with PNC Capital, “ PNC ”), the other lenders party thereto and the guarantors party thereto. The Credit Agreement provides LSI with a senior secured credit facility (“ Senior Secured Credit Facility ”) pursuant to which the Company will be able to borrow up to $350 million
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