---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-033528"
form_type: "8-K"
ticker: "CVGI"
cik: "0001290900"
company_name: "Commercial Vehicle Group, Inc."
filed_at: "2025-06-30T23:59:59+00:00"
generated_at: "2026-05-18T12:19:51.286803+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# CVG secures $210M in senior secured credit facilities, extends maturity to 2030

## Summary
- $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.

## SEC filing metadata
- accession: 0001628280-25-033528
- form_type: 8-K
- ticker: CVGI
- cik: 0001290900
- company_name: Commercial Vehicle Group, Inc.
- filed_at: 2025-06-30T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1290900/000162828025033528/0001628280-25-033528-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1290900/000162828025033528/cvgi-20250627.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-033528
- JSON: https://secwatch.observer/filing/0001628280-25-033528.json
- Plain text: https://secwatch.observer/filing/0001628280-25-033528.txt

## Key facts
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1290900/000162828025033528/0001628280-25-033528-index.htm
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1290900/000162828025033528/0001628280-25-033528-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.