Trex Company signs $700 million revolving credit agreement maturing March 2031
Trex Company entered a new $700 million revolving credit agreement dated March 26, 2026, which amends and restates its prior facility and runs through March 26, 2031. The prior facility was $550 million and was set to end December 22, 2026, so the new agreement increases borrowing capacity and extends the term; the company is not obligated to borrow under it.
Key points
- Revolving loan limit of $700 million, up from $550 million under the prior credit agreement dated May 18, 2022
- Term ends March 26, 2031; prior facility would have ended December 22, 2026
- Letter of credit sublimit of $60 million and swing line sublimit of $40 million
- Financial covenants start with the quarter ended June 30, 2026: interest coverage of at least 2.50 to 1.0 and debt to EBITDA of no more than 3.75 to 1.0
The filing
Written by AI on Nov 8, 2026, 1:05 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 April 01, 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.