[8-K] LCI INDUSTRIES Reports Material Event
LCI Industries amended its March 25, 2025 credit agreement on September 26, 2025 to lower the cost of its term debt. The existing term loans were refinanced into $399,000,000 of Repriced Term Loans and the applicable margins on those loans were reduced by 0.25%, now applying as either a base rate plus 1.25% or a term SOFR rate plus 2.25%. The amendment does not change the commitment fee rates or interest rates on the company’s revolving credit facility. The filing summarizes the amendment and incorporates the full amended credit agreement as Exhibit 10.1.
LCI Industries ha modificato il suo accordo di credito del 25 marzo 2025 il 26 settembre 2025 per ridurre il costo del suo debito a termine. I prestiti a termine esistenti sono stati rifinanziati in $399.000.000 di Term Loans riprezzati e i margini applicabili a tali prestiti sono stati ridotti dello 0,25%, ora applicabili come base rate più 1,25% oppure come tasso SOFR a termine più 2,25%. La modifica non cambia le commissioni di impegno o i tassi di interesse sulla linea di credito revolving della società. La filing riassume la modifica e incorpora l'intero accordo di credito modificato come Allegato 10.1.
LCI Industries ha enmendado su acuerdo de crédito del 25 de marzo de 2025 el 26 de septiembre de 2025 para reducir el costo de su deuda a plazo. Los préstamos a plazo existentes fueron refinanciados en $399,000,000 de Préstamos a plazo revalorados y los márgenes aplicables a dichos préstamos se redujeron en un 0,25%, ahora aplicándose como tasa base más 1,25% o como tasa SOFR a plazo más 2,25%. La enmienda no modifica las tasas de comisión de compromiso ni las tasas de interés de la línea de crédito revolvente de la compañía. La presentación resume la enmienda e incorpora el acuerdo de crédito modificado completo como Anexo 10.1.
LCI Industries는 2025년 3월 25일의 신용 계약을 2025년 9월 26일에 개정하여 만기 채무 비용을 낮췄습니다. 기존의 만기 대출은 $399,000,000의 재가격된 만기 대출로 재팬산 되었고 해당 대출의 가산금리는 0.25%p 감소하여 이제 기본금리 플러스 1.25% 또는 만기 SOFR 금리 플러스 2.25%로 적용됩니다. 이번 개정은 회사의 회전신용 한도에 대한 커밋먼트 수수료나 이자율을 변경하지 않습니다. 공시는 개정을 요약하고 전체 수정된 신용 계약을 Exhibit 10.1로서 첨부합니다.
LCI Industries a modifié son accord de crédit du 25 mars 2025 le 26 septembre 2025 pour réduire le coût de sa dette à terme. Les Prêts à terme existants ont été refinancés en $399,000,000 de prêts à terme réévalués et les marges applicables à ces prêts ont été réduites de 0,25%, s’appliquant désormais soit comme un taux de base plus 1,25%, soit comme un taux SOFR à terme plus 2,25%. L’amendement ne modifie pas les taux de frais d’engagement ni les taux d’intérêt sur la facilité de crédit renouvelable de la société. Le dossier résume l’amendement et intègre le contrat de crédit modifié dans son intégralité en tant qu’Exhibit 10.1.
LCI Industries hat seine Kreditvereinbarung vom 25. März 2025 am 26. September 2025 geändert, um die Kosten seiner Terminschuld zu senken. Die bestehenden Term Loans wurden in $399.000.000 von neu bewerteten Term Loans refinanziert und die anwendbaren Margen dieser Kredite wurden um 0,25% gesenkt und gelten nun entweder als Basiszinssatz zuzüglich 1,25% oder als Term-SOFR-Satz zuzüglich 2,25%. Die Änderung verändert nicht die Verpflichtungsgebührenraten oder die Zinssätze für die revolvierende Kreditfazilität des Unternehmens. Die Einreichung fasst die Änderung zusammen und integriert den vollständigen geänderten Kreditvertrag als Exhibit 10.1.
LCI Industries عدّلت اتفاقية الائتمان الخاصة بها المؤرخة في 25 مارس 2025 في 26 سبتمبر 2025 لخفض تكلفة ديونها لأجل. تم إعادة تمويل القروض الآجلة الحالية إلى $399,000,000 من قروض آجلة مُعاد تسعيرها، وتم خفض الهوامش المطبقة على تلك القروض بمقدار 0.25%، ليتم تطبيقها الآن إما بمعدل أساسي زائد 1.25% أو بمعدل SOFR للأجل زائد 2.25%. لا تغيّر التعديلات معدلات رسوم الالتزام أو معدلات الفائدة على تسهيلات الائتمان المتداولة للشركة. تلخّص الإيداع التعديل وتدمج عقد الائتمان المعدّل بالكامل كـ Exhibit 10.1.
LCI Industries 于 2025 年 3 月 25 日 的信贷协议在 2025 年 9 月 26 日 修订，以降低其定期债务成本。现有定期贷款被再融资为 $399,000,000 的重新定价定期贷款，相关贷款的利差减少了 0.25%，现在按基准利率加上 1.25% 或按期限 SOFR 利率加上 2.25% 适用。该修订不改变公司循环信贷额度的承诺费率或利率。备案摘要了修订，并将完整的修订信贷协议作为 Exhibit 10.1 纳入。
- $399,000,000 of term loans were refinanced, providing clarity on the company's term debt structure
- Applicable margins on the Repriced Term Loans were reduced by 0.25%, lowering interest costs on that debt
- The commitment fee rates and interest rates on the revolving credit facility remain unchanged, so no relief on revolver borrowing costs
Insights
TL;DR Lower margins on $399M term loans reduce interest expense modestly and improve near-term cash flow flexibility.
The Repricing Amendment converts the company's existing term loans into $399,000,000 of Repriced Term Loans and reduces applicable margins by 0.25 percentage points, which should lower periodic interest cost on that term debt. The absence of changes to the revolving credit pricing means liquidity pricing remains the same, so benefits are limited to the refinanced term component. The full amendment text is filed as Exhibit 10.1 for detailed covenant and schedule changes; the summary here does not disclose covenant or maturity adjustments.
TL;DR A straightforward repricing of term debt that modestly reduces financing cost without altering revolver pricing or disclosed covenant terms.
Refinancing the term loans into $399 million at reduced margins by 25 basis points is a common liability-management move to lower financing cost. The filing explicitly states the revolver pricing and fees are unchanged, so overall balance-sheet interest savings will depend on the proportion of debt in term loans versus revolver usage. The amendment’s material terms are summarized but investors should consult Exhibit 10.1 for any covenant, amortization, or maturity details absent from this summary.
LCI Industries ha modificato il suo accordo di credito del 25 marzo 2025 il 26 settembre 2025 per ridurre il costo del suo debito a termine. I prestiti a termine esistenti sono stati rifinanziati in $399.000.000 di Term Loans riprezzati e i margini applicabili a tali prestiti sono stati ridotti dello 0,25%, ora applicabili come base rate più 1,25% oppure come tasso SOFR a termine più 2,25%. La modifica non cambia le commissioni di impegno o i tassi di interesse sulla linea di credito revolving della società. La filing riassume la modifica e incorpora l'intero accordo di credito modificato come Allegato 10.1.
LCI Industries ha enmendado su acuerdo de crédito del 25 de marzo de 2025 el 26 de septiembre de 2025 para reducir el costo de su deuda a plazo. Los préstamos a plazo existentes fueron refinanciados en $399,000,000 de Préstamos a plazo revalorados y los márgenes aplicables a dichos préstamos se redujeron en un 0,25%, ahora aplicándose como tasa base más 1,25% o como tasa SOFR a plazo más 2,25%. La enmienda no modifica las tasas de comisión de compromiso ni las tasas de interés de la línea de crédito revolvente de la compañía. La presentación resume la enmienda e incorpora el acuerdo de crédito modificado completo como Anexo 10.1.
LCI Industries는 2025년 3월 25일의 신용 계약을 2025년 9월 26일에 개정하여 만기 채무 비용을 낮췄습니다. 기존의 만기 대출은 $399,000,000의 재가격된 만기 대출로 재팬산 되었고 해당 대출의 가산금리는 0.25%p 감소하여 이제 기본금리 플러스 1.25% 또는 만기 SOFR 금리 플러스 2.25%로 적용됩니다. 이번 개정은 회사의 회전신용 한도에 대한 커밋먼트 수수료나 이자율을 변경하지 않습니다. 공시는 개정을 요약하고 전체 수정된 신용 계약을 Exhibit 10.1로서 첨부합니다.
LCI Industries a modifié son accord de crédit du 25 mars 2025 le 26 septembre 2025 pour réduire le coût de sa dette à terme. Les Prêts à terme existants ont été refinancés en $399,000,000 de prêts à terme réévalués et les marges applicables à ces prêts ont été réduites de 0,25%, s’appliquant désormais soit comme un taux de base plus 1,25%, soit comme un taux SOFR à terme plus 2,25%. L’amendement ne modifie pas les taux de frais d’engagement ni les taux d’intérêt sur la facilité de crédit renouvelable de la société. Le dossier résume l’amendement et intègre le contrat de crédit modifié dans son intégralité en tant qu’Exhibit 10.1.
LCI Industries hat seine Kreditvereinbarung vom 25. März 2025 am 26. September 2025 geändert, um die Kosten seiner Terminschuld zu senken. Die bestehenden Term Loans wurden in $399.000.000 von neu bewerteten Term Loans refinanziert und die anwendbaren Margen dieser Kredite wurden um 0,25% gesenkt und gelten nun entweder als Basiszinssatz zuzüglich 1,25% oder als Term-SOFR-Satz zuzüglich 2,25%. Die Änderung verändert nicht die Verpflichtungsgebührenraten oder die Zinssätze für die revolvierende Kreditfazilität des Unternehmens. Die Einreichung fasst die Änderung zusammen und integriert den vollständigen geänderten Kreditvertrag als Exhibit 10.1.
FAQ
What change did LCI Industries (LCII) make to its credit agreement?
How much did LCII reduce its term loan margins by?
What are the new interest margin options on the Repriced Term Loans?
Did the amendment change pricing on the revolving credit facility?
Where can investors find the full terms of the amendment?
