Tecnoglass Inc. (TGLS): debt financing — Tecnoglass upsizes revolving credit facility to $500M, extends maturity to 2030

Tecnoglass Inc.

New $500M secured revolver replaces existing $150M facility; maturity extended to September 2030.
Borrowing costs reduced by ~25 bps: SOFR + 1.25% spread vs prior 1.50%.
Proceeds used to fully refinance prior PNC credit agreement and pay related fees.
Company reports net debt to adjusted EBITDA of -0.09x, indicating net cash position.
Syndicate led by Wells Fargo, with BMO, Citi, Citizens, First Citizens, and J.P. Morgan.

item 1.01 item 1.02 item 2.03 item 7.01 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 0.97

Tecnoglass Inc. incurred revolving credit of $500 million with Wells Fargo Bank, National Association at term SOFR plus a margin of 1.25-2.25% or base rate plus a margin of 0.25-1.25% maturing September 4, 2030.

Instrument: revolving credit
Principal: $500 million
Counterparty: Wells Fargo Bank, National Association
Rate: term SOFR plus a margin of 1.25-2.25% or base rate plus a margin of 0.25-1.25%
Maturity: September 4, 2030
Event: incurrence

Exact text from the filing

The Credit Agreement provides for a $500 million five-year secured revolving credit facility (the “ Facility ”).

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Source: SEC EDGAR

accession 0001641172-25-026715

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