debt
confidence high
sentiment neutral
materiality 0.55
Vishay Precision Group amends credit facility, extends maturity to 2029, maintains $75M revolver
Vishay Precision Group, Inc.
- $75M revolving credit facility with $10M letter of credit sublimit; proceeds for working capital and refinancing.
- Maturity extended from March 20, 2025 to August 15, 2029.
- Interest margins range from 1.75% to 3.00% over SOFR/EURIBOR/TIBOR based on leverage ratio.
- Facility secured by stock pledges and assets of domestic subsidiaries; covenants restrict cash dividends.
- Unused commitment fee 0.20% to 0.40% per annum depending on leverage ratio.