Commercial Vehicle Group, Inc. (CVGI): debt financing — CVG secures $210M in senior secured credit facilities, extends maturity to 2030

Commercial Vehicle Group, Inc.

$95M term loan with TCW at SOFR+9.75% and $115M ABL with BofA at SOFR+1.75%, both maturing June 27, 2030.
Proceeds used to refinance $120.1M of existing debt; company highlights increased financial flexibility.
Issued five-year warrants for 3,934,776 shares at exercise prices of $1.58 and $2.07; company can repurchase up to 50%.
Covenants: total leverage ratio starts at 7.25x stepping to 4.00x; capex capped at $20M/yr; $15M minimum liquidity.
CFO expects to deleverage through free cash flow and debt paydown.

item 1.01 item 2.03 item 3.02 item 8.01 item 9.01

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

Commercial Vehicle Group, Inc. incurred term loan of $95 million with TCW Asset Management Company LLC at SOFR plus 9.75% maturing June 27, 2030.

Instrument: term loan
Principal: $95 million
Counterparty: TCW Asset Management Company LLC
Rate: SOFR plus 9.75%
Maturity: June 27, 2030
Event: incurrence

Exact text from the filing

On June 27, 2025, Commercial Vehicle Group, Inc. (the “Company”) entered into a $95 million secured credit facility (the “Term Loan Facility”) pursuant to a term loan and security agreement (the “Term Loan Agreement”) with TCW Asset Management Company LLC (“TCW Management”), as administrative agent, and other lender parties thereto.

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Commercial Vehicle Group, Inc. incurred revolving credit of $115.0 million with Bank of America, N.A. maturing June 27, 2030.

Instrument: revolving credit
Principal: $115.0 million
Counterparty: Bank of America, N.A.
Maturity: June 27, 2030
Event: incurrence

Exact text from the filing

borrowers thereunder are entitled (subject to the terms and conditions described therein) to request loans and other financial accommodations in an amount equal to the lesser of $115.0 million and a borrowing base composed of accounts and inventory. The Revolving Credit Facility comprises of a US subfacility of $100.0 million and a UK subfacility of $15 million, in

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7 debt financings filed in the last 30 days. Browse all debt financings →

Commercial Vehicle Group, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-25-033528

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