Broadwind Inc. Reduces Monthly Loan Payments with Third Amendment to Credit Agreement with <a href="https://laohu8.com/S/EOD">Wells Fargo</a>
Broadwind Inc. has announced an amendment to its existing Credit Agreement with Wells Fargo Bank, National Association. On September 22, 2025, the company and its subsidiaries entered into Amendment No. 3 to the Credit Agreement originally dated August 4, 2022. This Third Amendment follows a mandatory prepayment of $1,599,586.95 made by Broadwind on September 8, 2025, due to the sale of assets by its subsidiary, Broadwind Heavy Fabrications, Inc. As a result of this amendment, the company's monthly principal repayment has been reduced from $90,214.29 to $61,505.77 for periods after October 1, 2025. The final repayment will cover the entire unpaid balance of the Term Loan, providing Broadwind with a more manageable payment structure moving forward.
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. Broadwind 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: 0001437749-25-029714), on September 23, 2025, and is solely responsible for the information contained therein.
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