Lifeway Foods Extends Credit Agreement With CIBC Bank USA to 2029

Reuters
2025/12/30
Lifeway Foods Extends Credit Agreement With CIBC Bank USA to 2029

Lifeway Foods Inc. has amended its existing loan and security agreement with CIBC Bank USA by entering into a Sixth Modification alongside its subsidiaries, Fresh Made, Inc. and Lifeway Wisconsin, Inc. The revised agreement, effective December 29, 2025, modifies the Fixed Charge Coverage Ratio for the period from December 31, 2025, through June 30, 2027, to exclude up to $50 million in unfinanced capital expenditures related to plant optimization and manufacturing capacity expansion in Waukesha, Wisconsin, as approved by the lender. Additionally, the definition of "Change of Control" was updated so certain board changes no longer trigger it, and the loan's termination date was extended to February 5, 2029. At the time of the amendment, Lifeway Foods reported no outstanding borrowings under the agreement.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lifeway Foods Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001683168-25-009406), on December 30, 2025, and is solely responsible for the information contained therein.

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