Gentherm enters $550 million five-year revolving credit facility with Bank of America
Gentherm and its subsidiaries signed a Third Amended and Restated Credit Agreement on June 29, 2026, with Bank of America, N.A. as administrative agent. It replaces the Second Amended and Restated Credit Agreement dated June 10, 2022, and provides a $550 million secured five-year revolving credit facility. The filing ties this to a proposed transaction with Modine Manufacturing Company and its Performance Technologies business, but does not describe the credit terms as conditional on that transaction.
Key points
- Five-year secured revolving credit facility of $550 million, with a $50 million swing line sublimit and a $30 million letter of credit sublimit
- Borrowings priced at a margin of 1.125% to 2.000% over benchmark rates, based on the consolidated net leverage ratio; quarterly commitment fee of 0.150% to 0.250%
- Agreement requires a minimum consolidated interest coverage ratio and a maximum consolidated net leverage ratio
- Replaces the Second Amended and Restated Credit Agreement dated June 10, 2022; the full agreement is filed as Exhibit 10.1
The filing
Written by AI on Nov 8, 2026, 6:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 02, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.