Cvg announces amendment to credit facility

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.
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