8-K
filed November 3, 2022, 7:59 PM ET
ticker MLR
CIK 0000924822
debt
confidence high
sentiment neutral
materiality 0.40
MILLER INDUSTRIES INC /TN/ (MLR): debt financing — Miller Industries doubles revolving credit facility to $100M; maturity unchanged through May 2027
MILLER INDUSTRIES INC /TN/
- Maximum principal amount increased from $50M to $100M under First Amendment with First Horizon Bank.
- Maturity date remains May 31, 2027; no change to term length.
- New asset coverage covenant introduced: ratio > 2.00x (net receivables + inventory – chassis financing) / (loan balance + LC outstanding – $35M).
- Interest rate benchmark changed to 1-month Term SOFR; other material terms unchanged.
- Proceeds used for general corporate purposes, including working capital, L/Cs, and capex.
Key facts
Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
MILLER INDUSTRIES INC /TN/ amended revolving credit of $100.0 million with First Horizon Bank maturing May 31, 2027.
- Instrument
- revolving credit
- Principal
- $100.0 million
- Counterparty
- First Horizon Bank
- Maturity
- May 31, 2027
- Event
- amendment
Exact text from the filing
On October 28, 2022, Miller Industries, Inc. (the “Company”) and certain of its subsidiaries entered into (a) a First Amendment to Amended and Restated Loan Agreement (the “First Amendment”) with First Horizon Bank (successor in interest to First Tennessee Bank National Association, “First Horizon”) and (b) an Amended and Restated Master Revolving Credit Note, dated as of October 28, 2022, in the maximum principal amount of $100.0 million, with a maturity date of May 31, 2027 (the “Amended Note” and together with the Amended Note, collectively, the “Amendment Documents”).
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
MILLER INDUSTRIES INC /TN/ entered into First Amendment to Amended and Restated Loan Agreement with First Horizon Bank valued at maximum principal amount of $100.0 million (effective 2022-10-28).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- First Horizon Bank
- Value
- maximum principal amount of $100.0 million
- Effective
- 2022-10-28
Exact text from the filing
On October 28, 2022, Miller Industries, Inc. (the “Company”) and certain of its subsidiaries entered into (a) a First Amendment to Amended and Restated Loan Agreement (the “First Amendment”) with First Horizon Bank (successor in interest to First Tennessee Bank National Association, “First Horizon”)
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
MILLER INDUSTRIES INC /TN/ entered into Amended and Restated Master Revolving Credit Note with First Horizon Bank valued at maximum principal amount of $100.0 million (effective 2022-10-28).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- First Horizon Bank
- Value
- maximum principal amount of $100.0 million
- Effective
- 2022-10-28
Exact text from the filing
an Amended and Restated Master Revolving Credit Note, dated as of October 28, 2022, in the maximum principal amount of $100.0 million, with a maturity date of May 31, 2027 (the “Amended Note”
View on SEC.gov
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.