Power solutions international announces extension to credit agreement

Wood dale, ill., march 28, 2024 (globe newswire) -- power solutions international, inc. (the “company” or “psi”) amended its $130 million uncommitted senior secured revolving credit agreement (the “fourth amended and restated credit agreement”), with standard chartered bank, as administrative agent (“standard chartered”), and the lenders party thereto from time to time. the fourth amended and restated credit agreement extends the maturity date of loans outstanding under its previous credit facility to the earlier of march 21, 2025 or the demand of standard chartered. the fourth amended and restated credit agreement has an outstanding principal balance of $50 million with no principal payments scheduled as of the date of this release.
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