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.

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