Simpson Manufacturing Amends and Restates Credit Agreement With Wells Fargo and Lenders

Reuters
2025/12/23
Simpson Manufacturing Amends and Restates Credit Agreement With <a href="https://laohu8.com/S/EOD">Wells Fargo</a> and Lenders

Simpson Manufacturing Co. Inc. has entered into a Second Amended and Restated Credit Agreement with Wells Fargo Bank, National Association, as administrative agent, and a group of lenders. This agreement amends and restates the previous credit agreement from March 30, 2022. The new agreement includes financial covenants requiring Simpson Manufacturing to maintain a maximum consolidated net leverage ratio of 3.50 to 1.00, with an option to increase to 4.00 to 1.00 for four consecutive fiscal quarters following a significant acquisition. The agreement also places various restrictions on the company, such as limitations on liens, indebtedness, investments, acquisitions, dividends, and transactions with affiliates. In the event of default, lenders have the right to terminate their commitments and accelerate repayment obligations.

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. Simpson Manufacturing Co. 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: 0001628280-25-058560), on December 22, 2025, and is solely responsible for the information contained therein.

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