Modine Manufacturing Company Updates Credit Agreement, Extending Maturity and Expanding Restructuring Capacity

Reuters

2025/07/17

Modine Manufacturing Company Updates Credit Agreement, Extending Maturity and Expanding Restructuring Capacity

Modine Manufacturing Company has announced that it has entered into the Sixth Amended and Restated Credit Agreement, which updates and replaces the previous Fifth Amended and Restated Credit Agreement. This new agreement, effective as of July 10, 2025, involves multiple subsidiary borrowers and lenders, with JPMorgan Chase Bank, N.A., serving as the administrative and collateral agent. The agreement includes a senior secured revolving credit facility with a maturity date of July 10, 2030, and an initial maximum aggregate availability of $400 million, alongside a $200 million term loan facility. The term loan will require quarterly principal installments starting December 31, 2025, leading up to a balloon payment at maturity. Additionally, the agreement permits certain restructuring charges and facilitates the exit of the automotive business within the Company's Performance Technologies segment under specified conditions.

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. Modine Manufacturing Company 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: 0001558370-25-009258), on July 16, 2025, and is solely responsible for the information contained therein.

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This new agreement, effective as of July 10, 2025, involves multiple subsidiary borrowers and lenders, with JPMorgan Chase Bank, N.A., serving as the administrative and collateral agent. The agreement includes a senior secured revolving credit facility with a maturity date of July 10, 2030, and an initial maximum aggregate availability of $400 million, alongside a $200 million term loan facility. The term loan will require quarterly principal installments starting December 31, 2025, leading up to a balloon payment at maturity. Additionally, the agreement permits certain restructuring charges and facilitates the exit of the automotive business within the Company's Performance Technologies segment under specified conditions.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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This new agreement, effective as of July 10, 2025, involves multiple subsidiary borrowers and lenders, with JPMorgan Chase Bank, N.A., serving as the administrative and collateral agent. The agreement includes a senior secured revolving credit facility with a maturity date of July 10, 2030, and an initial maximum aggregate availability of $400 million, alongside a $200 million term loan facility. The term loan will require quarterly principal installments starting December 31, 2025, leading up to a balloon payment at maturity. Additionally, the agreement permits certain restructuring charges and facilitates the exit of the automotive business within the Company's Performance Technologies segment under specified conditions.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>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. Modine Manufacturing Company 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: 0001558370-25-009258), on July 16, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00BZ1G4Q59.USD","symbol_name":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250716:nNDL9Lbt6D:1","article_id":"2552178120","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2552178120","pubTimestamp":1752697230,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Modine Manufacturing Company has announced that it has entered into the Sixth Amended and Restated Credit Agreement, which updates and replaces the previous Fifth Amended and Restated Credit Agreement. 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This new agreement, effective as of July 10, 2025, involves multiple subsidiary borrowers and lenders, with JPMorgan Chase Bank, N.A., serving as the administrative and collateral agent. The agreement includes a senior secured revolving credit facility with a maturity date of July 10, 2030, and an initial maximum aggregate availability of $400 million, alongside a $200 million term loan facility. The term loan will require quarterly principal installments starting December 31, 2025, leading up to a balloon payment at maturity. Additionally, the agreement permits certain restructuring charges and facilitates the exit of the automotive business within the Company's Performance Technologies segment under specified conditions.\n      \n\nDisclaimer: 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. Modine Manufacturing Company 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: 0001558370-25-009258), on July 16, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}