BR Standard Class 8

CVG Announces Amendment to Credit Facility

Retrieved on: 
Wednesday, May 18, 2022
Senior, Internet, Engineering, Company, U.S. Securities and Exchange Commission, Term loan, BR Standard Class 8, NASDAQ, CVG, Automation, COVID-19, Primary Dealer Credit Facility, Credit management, SOFR, Credit, Time, Person, Line of credit, Class, Acquisition, SEC, Security (finance), GLOBE, Bank

NEW ALBANY,Ohio, May 18, 2022 (GLOBE NEWSWIRE) -- CVG (NASDAQ: CVGI) ("CVG" or the "Company") today announced that on May 12, 2022 it had entered into an amendment to increase its existing senior secured credit facilities to $325 million from $275 million consisting of a $175 million Term Loan A (the Term Loan A) and a $150 million Revolving Credit Facility (the Revolver and together with the Term Loan A the Senior Secured Credit Facilities).

Key Points: 
  • NEW ALBANY,Ohio, May 18, 2022 (GLOBE NEWSWIRE) -- CVG (NASDAQ: CVGI) ("CVG" or the "Company") today announced that on May 12, 2022 it had entered into an amendment to increase its existing senior secured credit facilities to $325 million from $275 million consisting of a $175 million Term Loan A (the Term Loan A) and a $150 million Revolving Credit Facility (the Revolver and together with the Term Loan A the Senior Secured Credit Facilities).
  • The amendment provides the Company with additional capital flexibility to execute upon its transformation and growth initiatives.
  • Further, separate from the Companys annual $35 million cap, a one-time $45 million capital project basket was included in the amendment.
  • Additional information regarding the Senior Secured Credit Facilities can be found in Form 8-K filed with the Securities and Exchange Commission.

CVG Continues to Lead the Way in the Electric Vehicle Market

Retrieved on: 
Tuesday, February 8, 2022
Time, Automation, BR Standard Class 8, CVG, Company, SEC, Internet, Person, Class, COVID-19, Warehouse, Risk management

CVG is a global provider of components, assemblies and systems to the traditional commercial vehicle market, the electric vehicle market, and the warehouse automation market.

Key Points: 
  • CVG is a global provider of components, assemblies and systems to the traditional commercial vehicle market, the electric vehicle market, and the warehouse automation market.
  • This press release contains forward-looking statements that are subject to risks and uncertainties.
  • These statements often include words such as believe, anticipate, plan, expect, intend, will, should, could, would, project, continue, likely, and similar expressions.
  • There can be no assurance that statements made in this press release relating to future events will be achieved.