Brief: Powell Industries Inc - On October 4, Co, Together With Certain Of Its Direct Subsidiaries, Entered Into A Third Amendment To The U.S. Revolver

Powell Industries

11/10/2023 22:12

Oct 11 (Reuters) - Powell Industries Inc  POWL.O :
    * POWELL INDUSTRIES INC - ON OCTOBER 4, CO, TOGETHER WITH
CERTAIN
OF ITS DIRECT SUBSIDIARIES, ENTERED INTO A THIRD AMENDMENT TO
THE U.S. REVOLVER
    * POWELL INDUSTRIES INC - THIRD AMENDMENT AMENDED U.S.
REVOLVER
INCREASING AMOUNT OF REVOLVING LINE OF CREDIT EXTENDED TO CO
THEREUNDER TO $150 MILLION
    * POWELL INDUSTRIES- AMENDMENT AMENDS FINANCIAL COVENANT
RELATING
TO CO’S LIQUIDITY TO REQUIRE MAINTENANCE OF NO LESS THAN $60
MILLION OF LIQUIDITY

Further company coverage:  POWL.O 

 ((Reuters.briefs@thomsonreuters.com;))