Tecnoglass Increases Availability under Revolving Credit Facility and Extends Maturity Date to 2030
Tecnoglass (NYSE: TGLS) has significantly enhanced its financial flexibility by amending its senior secured revolving credit facility. The company has increased its borrowing capacity from $150 million to $500 million, while reducing borrowing costs by 25 basis points and extending the maturity date to 2030.
The new facility will bear interest at SOFR plus a 1.25% spread, down from the previous 1.50%. Led by Wells Fargo Bank N.A., the facility received strong support from a premier U.S. banking syndicate, including BMO Bank, Citibank, Citizens Bank, First Citizens Bank, and J.P. Morgan Chase. The company maintains a strong balance sheet with a -0.09x net debt to adjusted EBITDA ratio.
Tecnoglass (NYSE: TGLS) ha migliorato significativamente la propria flessibilità finanziaria modificando la linea di credito revolving senior garantita. La società ha portato la capacità di indebitamento da 150 milioni di dollari a 500 milioni, riducendo al contempo il costo del prestito di 25 punti base e prorogando la scadenza al 2030.
La nuova linea prevede un tasso di interesse basato su SOFR più uno spread dell'1,25%, rispetto all'1,50% precedente. Guidata da Wells Fargo Bank N.A., l'operazione ha ricevuto forte supporto da un primario sindacato bancario statunitense, tra cui BMO Bank, Citibank, Citizens Bank, First Citizens Bank e J.P. Morgan Chase. La società mantiene un bilancio solido con un rapporto net debt to adjusted EBITDA di -0,09x.
Tecnoglass (NYSE: TGLS) ha mejorado de forma significativa su flexibilidad financiera al modificar su línea de crédito revolving senior garantizada. La compañía ha incrementado su capacidad de endeudamiento de 150 millones de dólares a 500 millones, reduciendo además el coste del crédito en 25 puntos básicos y ampliando el vencimiento hasta 2030.
La nueva línea devengará intereses a SOFR más un spread del 1,25%, frente al 1,50% anterior. Liderada por Wells Fargo Bank N.A., la operación contó con un sólido respaldo de un destacado sindicato bancario estadounidense, que incluye a BMO Bank, Citibank, Citizens Bank, First Citizens Bank y J.P. Morgan Chase. La compañía mantiene un balance sólido con una ratio de deuda neta a EBITDA ajustado de -0,09x.
Tecnoglass (NYSE: TGLS)는 담보부 시니어 회전형 신용 시설을 개정하여 재무 유연성을 크게 높였습니다. 회사는 차입 한도를 1억5000만 달러에서 5억 달러로 확대했으며, 차입 비용을 25베이시스 포인트 낮추고 만기를 2030년으로 연장했습니다.
새 시설의 금리는 SOFR에 1.25% 스프레드를 더한 수준으로, 종전의 1.50%에서 인하되었습니다. Wells Fargo Bank N.A.가 주도한 이번 거래는 BMO Bank, Citibank, Citizens Bank, First Citizens Bank 및 J.P. Morgan Chase를 포함한 주요 미국 은행 컨소시엄의 강력한 지지를 받았습니다. 회사는 순부채 대 조정 EBITDA 비율 -0.09x로 견실한 재무 상태를 유지하고 있습니다.
Tecnoglass (NYSE: TGLS) a renforcé de manière significative sa flexibilité financière en modifiant sa facilité de crédit renouvelable senior sécurisée. La société a augmenté sa capacité d'emprunt de 150 millions de dollars à 500 millions, tout en réduisant le coût de l'emprunt de 25 points de base et en prolongeant l'échéance jusqu'en 2030.
La nouvelle facilité portera un taux d'intérêt indexé sur le SOFR plus un spread de 1,25%, contre 1,50% auparavant. Menée par Wells Fargo Bank N.A., l'opération a bénéficié d'un solide soutien d'un syndicat bancaire américain de premier plan, incluant BMO Bank, Citibank, Citizens Bank, First Citizens Bank et J.P. Morgan Chase. La société conserve un bilan solide avec un ratio dette nette / EBITDA ajusté de -0,09x.
Tecnoglass (NYSE: TGLS) hat seine finanzielle Flexibilität deutlich erhöht, indem es seine besicherte revolvierende Senior-Kreditfazilität geändert hat. Das Unternehmen hat seine Kreditfähigkeit von 150 Millionen auf 500 Millionen US-Dollar erhöht, gleichzeitig die Kreditkosten um 25 Basispunkte gesenkt und die Laufzeit bis 2030 verlängert.
Die neue Fazilität verzinst sich mit SOFR zuzüglich eines Spreads von 1,25%, statt zuvor 1,50%. Unter Führung von Wells Fargo Bank N.A. erhielt die Finanzierung starke Unterstützung durch ein führendes US-Bankenkonsortium, darunter BMO Bank, Citibank, Citizens Bank, First Citizens Bank und J.P. Morgan Chase. Das Unternehmen weist mit einem Nettofinanzverschuldung zu bereinigtem EBITDA von -0,09x eine robuste Bilanz auf.
- Significant increase in credit facility capacity from $150M to $500M provides enhanced financial flexibility
- Reduction in borrowing costs by 25 basis points across all pricing tiers
- Strong balance sheet with -0.09x net debt to adjusted EBITDA ratio
- 5-year maturity extension to 2030 provides long-term stability
- Strong institutional support with commitments nearly double the proposed facility amount
- Increased debt capacity could potentially lead to higher leverage if fully utilized
Insights
Tecnoglass secures vastly improved credit facility, strengthening financial position while creating substantial growth capacity with minimal leverage.
Tecnoglass's credit facility amendment represents a substantial improvement in the company's financial flexibility. The 233% increase in borrowing capacity from
The extension of maturity to 2030 creates long-term stability in the company's debt structure, eliminating refinancing concerns for the foreseeable future. Most impressive is the company's current negative net debt position of -0.09x Net Debt to Adjusted EBITDA, indicating more cash than debt on the balance sheet – an exceptionally rare position in the building materials sector that provides a tremendous competitive advantage.
The oversubscription of the facility by premier financial institutions (Wells Fargo, BMO, Citibank, Citizens, First Citizens, and JPMorgan) signals strong institutional confidence in Tecnoglass's business model, management, and growth trajectory. These banks conducted thorough due diligence before extending such significant commitments, providing external validation of the company's strategy and operational execution.
This enhanced liquidity creates optionality for Tecnoglass to pursue larger acquisitions, accelerate organic expansion plans, invest in manufacturing automation, or potentially return more capital to shareholders through increased dividends or share repurchases – all while maintaining its exceptionally strong balance sheet position.
- Facility Increases to
- Reduces All-In Borrowing Costs by 25 Basis Points Across All Pricing Tiers While Extending Maturity to 2030 -
- Net Debt to Adjusted EBITDA Ratio Remains at All-Time Low Ratio of -0.09x Net Debt to Adjusted EBITDA -
- Increased Facility Anchored by Premier U.S. Banking Syndicate Receives Overwhelming Support, Demonstrating Strong Institutional Confidence in the Company's Ongoing Growth and Strategic Direction -
Miami, FL, Sept. 05, 2025 (GLOBE NEWSWIRE) -- Tecnoglass, Inc. (NYSE: TGLS) ("Tecnoglass" or the "Company"), a leading producer of high-end aluminum and vinyl windows and architectural glass for the global residential and commercial end markets, today announced it has amended its senior secured revolving credit facility to (i) increase the borrowing capacity under its committed Line of credit from
Santiago Giraldo, Tecnoglass Chief Financial Officer, stated, “The overwhelming support from our blue-chip banking syndicate, achieving almost twice as much in commitments versus the proposed facility amount, combined with the exceptional pricing we achieved, demonstrates the confidence in our strategic direction and operational excellence. The expansion of our committed facility by over three times to
The facility was led by Wells Fargo Bank N.A. as Administrative Agent; with BMO Bank N.A, Citibank N.A, Citizens Bank N.A, First Citizens Bank & Trust Company and J.P. Morgan Chase Bank N.A, as Joint Lead Arrangers.
The description of the increased facility contained herein is only a summary and is qualified in its entirety by reference to the amended facility relating to the transaction. For additional information, see the Company’s Current Report on Form 8-K, which will be filed promptly and can be obtained at the website of the U.S. Securities and Exchange Commission (“SEC”) at www.sec.gov.
About Tecnoglass
Tecnoglass Inc. is a leading producer of high-end aluminum and vinyl windows and architectural glass serving the multi-family, single-family, and commercial end markets. Tecnoglass is the second largest glass fabricator serving the U.S. and the #1 architectural glass transfoOnrmation company in Latin America. Located in Barranquilla, Colombia, the Company’s 5.8 million square foot, vertically integrated, and state-of-the-art manufacturing complex provide efficient access to nearly 1,000 customers in North, Central and South America, with the United States accounting for
Forward Looking Statements
This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding future financial performance, future growth and future acquisitions. These statements are based on Tecnoglass’ current expectations or beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive and/or regulatory factors, and other risks and uncertainties affecting the operation of Tecnoglass’ business. These risks, uncertainties and contingencies are indicated from time to time in Tecnoglass’ filings with the Securities and Exchange Commission. The information set forth herein should be read in light of such risks. Further, investors should keep in mind that Tecnoglass’ financial results in any particular period may not be indicative of future results. Tecnoglass is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events and changes in assumptions or otherwise, except as required by law.
Investor Relations:
Santiago Giraldo
CFO
305-503-9062
investorrelations@tecnoglass.com
FAQ
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