Power Solutions International Secures Amended $135 Million Credit Agreement with Standard Chartered Bank

Reuters
08/01
Power Solutions International Secures Amended $135 Million Credit Agreement with Standard Chartered Bank

Power Solutions International, Inc. $(PSI.AU)$ has entered into a second amendment to its existing Uncommitted Revolving Credit Agreement with Standard Chartered Bank and various lenders. The amended agreement, effective from July 30, 2025, allows PSI to borrow up to $135 million on a committed basis, with the agreement set to expire on July 30, 2027. Borrowings will incur interest at the Secured Overnight Financing Rate $(SOFR)$ plus 2.10% per annum, with a potential increase to SOFR plus 2.60% if Weichai America Corp., PSI's majority shareholder, holds less than 50% of the company's common equity. The agreement includes customary default events and covenants, such as minimum adjusted EBITDA and maximum gross leverage ratio requirements.

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. Power Solutions International 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: 0001193125-25-170640), on July 31, 2025, and is solely responsible for the information contained therein.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10