debt
confidence high
sentiment neutral
materiality 0.50
Redwire increases revolving credit facility from $45M to $65M, raises minimum borrowing requirement
Redwire Corp
- Ninth Amendment dated Aug 28, 2024, adds $20M in revolving commitments, raising total to $65M.
- Minimum outstanding revolver balance increased from $10M to $30M.
- Adams Street Credit Advisors remains administrative agent; terms unchanged outside of modifications.
- Incremental lenders received a 1.00% upfront fee and 1.00% structuring fee on new commitments.
- Borrowers reaffirmed obligations and security under existing credit documents.