8-K - Core Molding Technologies, Inc. | StockGist

AI Analysis

AI-generated analysis. Always verify with the original filing.

Core Molding Technologies, Inc. entered into a First Amendment to Credit Agreement on February 10, 2026, effective December 31, 2025, with The Huntington National Bank and lenders, modifying the existing July 22, 2022 Credit Agreement by revising definitions and covenants without refinancing obligations.

Key Takeaways

1Entered First Amendment to Credit Agreement executed February 10, 2026, effective December 31, 2025

2Deleted 'Consolidated Unfunded Capital Expenditures' definition

3Added 'Sustaining Capital Expenditures' capped at $10.0 million aggregate

4Modified Fixed Charge Coverage Ratio to deduct Sustaining Capital Expenditures, Capital Distributions, Restricted Payments, and net cash Income Tax Expense from EBITDA numerator

5Limited aggregate operating lease rentals to $5.0 million per fiscal year

6Parties include Core Molding Technologies, Inc., Core Composites Corporation, Horizon Plastics International Inc., and The Huntington National Bank as Administrative Agent

Current Report Details

Event Type

Material Agreement

Exhibits Only

Disclosure

Mandatory

Variant

8-K

Items Reported

1.01

Entry into a Material Definitive Agreement On February 10, 2026, Core Molding Technologies, Inc. (the “Company”) entered into a First Amendment to Credit Agreem

Material Agreement

$10.0M$5.0M

Source Document

9.01

Financial Statement and Exhibits. (d) Exhibits Exhibit Number Description 10.1 First Amendment to Credit Agreement SIGNATURES Pursuant to the requirements of th

Exhibits Only

Transaction Details

Material Agreement

Agreement: First Amendment to Credit Agreement
Parties: Core Molding Technologies, Inc. (Borrower), The Huntington National Bank (Administrative Agent), Lenders party thereto, Core Composites Corporation, Horizon Plastics International Inc.

•Deletes definition of 'Consolidated Unfunded Capital Expenditures'
•Adds 'Sustaining Capital Expenditures' defined as capex to maintain/repair/replace/sustain existing production assets, capped at $10,000,000 aggregate
•Revises Fixed Charge Coverage Ratio: Consolidated EBITDA minus (Sustaining Capital Expenditures, Capital Distributions/Restricted Payments made, net Consolidated Income Tax Expense paid in cash) / Consolidated Fixed Charges
•Limits operating lease rentals for all Companies to $5,000,000 per fiscal year
•Does not constitute refinancing, novation, or repayment of existing obligations

Exhibits (2)

10.1

EX-10.1

8-K