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
Entered First Amendment to Credit Agreement executed February 10, 2026, effective December 31, 2025
Deleted 'Consolidated Unfunded Capital Expenditures' definition
Added 'Sustaining Capital Expenditures' capped at $10.0 million aggregate
Modified Fixed Charge Coverage Ratio to deduct Sustaining Capital Expenditures, Capital Distributions, Restricted Payments, and net cash Income Tax Expense from EBITDA numerator
Limited aggregate operating lease rentals to $5.0 million per fiscal year
Parties include Core Molding Technologies, Inc., Core Composites Corporation, Horizon Plastics International Inc., and The Huntington National Bank as Administrative Agent