Gentherm Inc — Form 8-K
Filed July 2, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 18/100
What the filing says
Gentherm Inc executed a Third Amended and Restated Credit Agreement dated June 29, 2026, with Bank of America as administrative agent and co-syndication agents JPMorgan Chase, HSBC, PNC, and Wells Fargo. The facility maintains a $550M revolving credit commitment with a 5-year maturity (June 29, 2031). Key terms: pricing ranges 1.125–2.0% for Term SOFR loans, commitment fee 0.150–0.250%, $30M letter of credit sublimit, $50M swing line sublimit. Notable provisions include Mirror Loans (up to $40M for Mirror Transactions), German borrower participation, multi-currency support, and financial covenants tied to Consolidated Net Leverage Ratio (max 3.25x in worst tier).
Why this rating
Routine credit amendment. Company scale ~$854B; $550M facility is 0.06% of market cap—standard maintenance refinancing with no material changes in size, terms, or structure.
View original filing on SEC.gov ↗
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