Valmont Industries Inc. has entered into a Third Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A., and other lenders, providing for an $800 million unsecured revolving credit facility. Effective July 10, 2025, this agreement extends the maturity date to July 10, 2030, from the previous October 18, 2026. Key amendments include an increased uncommitted accordion feature from $300 million to $400 million, the elimination of a 10 basis point credit spread adjustment on SOFR-based loans, and reduced commitment fees ranging from 9 to 20 basis points. Sustainability pricing adjustments have also been altered, allowing Valmont the opportunity to propose future changes based on key performance indicators.
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