LSI Industries Expands Revolving Credit Facility to $125 Million with PNC Bank
LSI Industries Inc. has entered into a Second Amended and Restated Loan Agreement with PNC Bank, National Association, effective as of September 30, 2025. The amended agreement increases LSI's borrowing capacity under its senior secured revolving credit facility from $75 million to $125 million and eliminates a previous $25 million term loan. The expanded facility, secured by substantially all of LSI's and certain subsidiaries' assets, will support ongoing working capital and general corporate purposes. Additionally, the amendments allow LSI to fund certain acquisitions with cash without requiring further lender consent. The revolving credit facility, set to expire in the first quarter of fiscal 2031, features an interest rate based on the Secured Overnight Financing Rate $(SOFR)$ plus 100 to 225 basis points, depending on the company's leverage ratio. As of September 30, 2025, $73 million remained available for borrowing under the facility.
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. LSI Industries 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: 0001437749-25-033146), on November 05, 2025, and is solely responsible for the information contained therein.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.