Tuesday, 02 January 2024 12:17 GMT

New Enterprise Stone & Lime Co., Inc. Enters Into Amendment No. 8 Of The Revolving Credit Agreement


(MENAFN- GlobeNewsWire - Nasdaq) NEW ENTERPRISE, Pa., Nov. 07, 2025 (GLOBE NEWSWIRE) -- On November 3, 2025, New Enterprise Stone & Lime Co., Inc. (the“Company”) entered into Amendment No. 8 to its Amended and Restated Revolving Credit Agreement (the“RCA Amendment”) among the Company and the lender, PNC Bank. The Revolving Credit Agreement Amendment makes certain changes to the Company's existing $105 million Revolving Credit Agreement among the same parties (the“Existing RCA”, and as amended, the“Revolving Credit Agreement”), including:

  • Extended the final maturity date to October 31, 2030;
  • Increased the Revolving Credit Limit from $105.0 million to $150.0 million;
  • Existing limitations on Acquisitions, Dispositions and Distributions were replaced by a pro forma excess availability requirement of no less than 20% of the line cap or a fixed cover charge ratio >1.00x and excess availability no less than 15%.
  • Investor Relations Contact: At the Company:
    Investor Relations Eric Thiele
    New Enterprise Stone & Lime Co., Inc. Executive Vice President and Chief Financial Officer
    ... ...
    (814) 766-2211



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