Flexsteel Industries, Inc. has entered into a third amendment to its existing Credit Agreement with Wells Fargo Bank, NA, as announced on June 3, 2025. This amendment reduces the maximum revolving line of credit to $55 million, aligning it with the company's current and projected borrowing needs. The adjustment was initiated by Flexsteel to better fit the terms of the Credit Agreement. Notably, there were no outstanding amounts under this line of credit as of the amendment date. The details of this amendment have been filed as exhibit 10.1 in the company's Current Report on Form 8-K.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.