Nextracker enters $1.0B unsecured revolver, replacing $500M secured facility

Nextpower Inc.

New $1.0B unsecured revolving credit facility matures September 8, 2030; $0 drawn at closing.
Existing $500M secured facility (Feb 2023) terminated early with no penalties.
Includes $500M letter of credit subfacility and $150M swingline loan subfacility.
Interest based on SOFR plus margin (0.875%-1.50%) or base rate plus margin (0.00%-0.50%) per leverage-based pricing grid.
Covenant requires consolidated net leverage ratio below a defined threshold; voluntary prepayments permitted without premium.

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