Hyster-Yale Inc. has announced the entry into a Third Amended and Restated Loan, Security, and Guaranty Agreement, involving a $300 million revolving credit facility. This agreement, effective June 24, 2025, involves Hyster-Yale's wholly owned subsidiaries and several financial institutions, with Bank of America, N.A., serving as the administrative agent and security trustee. BOFA Securities, Inc. and Citibank, N.A. act as joint lead arrangers and joint book managers. This new facility, which matures on June 24, 2030, replaces the previous credit facility set to mature in 2026. It includes a domestic revolving credit facility of $210 million and a foreign revolving credit facility of $90 million, with potential expansion up to $400 million subject to lender approval. The agreement also imposes restrictive covenants on additional borrowings, investments, and payments, ensuring financial prudence.
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