Power solutions international announces extension to $25 million shareholder loan agreement with weichai america

Wood dale, ill., may 21, 2024 (globe newswire) -- power solutions international, inc. (the “company” or “psi”) announced today that it amended and restated its $25 million shareholder's loan agreement (the “$25 million third amended and restated shareholder's loan agreement”) with its majority stockholder, weichai america corp. (“weichai”), dated as of may 20, 2024, to extend the loan maturity date to may 20, 2025. the $25 million loan under the $25 million third amended and restated shareholder's loan agreement has been fully drawn as of the date of this release and is subordinated in all respects to the company's existing $50 million senior secured revolving credit facility with standard chartered bank (of which $40 million has been borrowed as of may 20, 2024).
PSIX Ratings Summary
PSIX Quant Ranking