Modine Manufacturing Company has announced that it has entered into the Sixth Amended and Restated Credit Agreement, which updates and replaces the previous Fifth Amended and Restated Credit Agreement. This new agreement, effective as of July 10, 2025, involves multiple subsidiary borrowers and lenders, with JPMorgan Chase Bank, N.A., serving as the administrative and collateral agent. The agreement includes a senior secured revolving credit facility with a maturity date of July 10, 2030, and an initial maximum aggregate availability of $400 million, alongside a $200 million term loan facility. The term loan will require quarterly principal installments starting December 31, 2025, leading up to a balloon payment at maturity. Additionally, the agreement permits certain restructuring charges and facilitates the exit of the automotive business within the Company's Performance Technologies segment under specified conditions.
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