Douglas Dynamics replaced its term loan agreement with JPMorgan Chase Bank as collateral agent and administrative agent. According to a related 8-K filing, Douglas replaced the existing senior secured term loan facility with a new senior secured term loan facility in the aggregate principal amount of $313.9 million.

The final maturity date of the senior secured term loan facility is December 31, 2021.

The new facility decreased the interest rate margins that apply to the term loan facility from 2.50% to 2.00% for ABR Loans and from 3.50% to 3.00% for Eurodollar rate loans.