Daily News: February 27, 2018

JPMorgan Agents LCI Industries Upsize to $325MM


LCI Industries, which includes Lippert Components and LCI Canada, amended its credit facility with JPMorgan Chase as administrative agent, increasing the maximum amount that may be borrowed from $200 million to $325 million.

According to a related 8-K filing, Wells Fargo, Bank of America and 1st Source Bank comprise the lender group.

The amendment also revised the definition of “interest period” in the credit agreement to add an additional LIBO rate period of one week. Further, pursuant to the amendment, the lenders agreed to waive, subject to completion of subsidiary joinders and related actions, certain technical events of default related solely to the failure to provide certain notices and take certain administrative actions in connection with the formation of a new subsidiary of the company.

Lippert Components is a supplier of components to the recreational vehicle, manufactured housing, trailer, bus, marine and heavy truck industries.