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.
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