SkyWater Technology executed an amendment to its Loan and Security Agreement with Siena Lending Group LLC and GRC SPV Investments, LLC. This amendment extends the revolving loan commitment's maturity date to December 31, 2028.
The company's borrowing capacity was increased from $100 million to $130 million. An additional $30 million is available under an accordion feature, potentially raising the total availability to $160 million.
The amended facility includes a new $25 million capital expenditure (CapEx) sublimit. This provides access to additional financing for eligible new equipment investments and supports ongoing capital investments and growth initiatives.
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