Reported Earlier, Power Solutions International Extends Its $50M Shareholder Loan Agreement With Weichai America

Author: Benzinga Newsdesk | December 06, 2023 02:59am

Power Solutions International, amended and restated its $50 million shareholder's loan agreement with its majority stockholder, Weichai America Corp. ("Weichai"), dated as of November 29, 2023 (the "Third Shareholder's Loan Agreement"), to extend the loan maturity date to November 30, 2024. The $50 million loan under the Third Shareholder's Loan Agreement has been fully drawn as of the date of this report and is subordinated in all respects to the Company's existing $130 million senior secured revolving credit facility with Standard Chartered Bank (of which $65 million has been fully borrowed as of December 5, 2023).

Posted In: PSIX