Power Solutions International Announces New Credit Agreement with Standard Chartered Bank and New Shareholder Loan Agreement with Weichai America
POWER SOLUTIONS INTL INC (PSIX)
US:NASDAQ Investor Relations:
investors.psiengines.com
Company Research
Source: GlobeNewswire
WOOD DALE, Ill., Sept. 06, 2024 (GLOBE NEWSWIRE) -- Power Solutions International, Inc. (the “Company” or “PSI”) closed on its new uncommitted senior secured revolving credit agreement (the “Credit Agreement”), with Standard Chartered Bank (“Standard Chartered”) and two other lenders. The Credit Agreement allows the Company to borrow up to $120 million at a lower interest rate than previously available and expires on August 30, 2025. As part of the closing of the Credit Agreement, the Company made an initial draw in the amount of $100 million. The Company utilized the amount drawn under the Credit Agreement (i) to repay the outstanding balance of approximately $40 million under the Company’s credit agreement, dated March 22, 2024, by and among the Company and Standard Chartered (the “Existing Credit Agreement”); and (ii) to repay the total outstanding balance of approximately $60 million under the $30M Second Amended and Restated Shareholder’s Loan Agreement, dated as of March 22,
Show less
Read more
Impact Snapshot
Event Time:
PSIX
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
PSIX alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
PSIX alerts
High impacting POWER SOLUTIONS INTL INC news events
Weekly update
A roundup of the hottest topics
PSIX
News
- Power Solutions International to Participate in the 15th Annual Craig-Hallum Alpha Select Conference [Yahoo! Finance]Yahoo! Finance
- Power Solutions International to Participate in the 15th Annual Craig-Hallum Alpha Select ConferenceGlobeNewswire
- Power Solutions International, Inc. (OTCMKTS: PSIX) had its price target raised by analysts at Craig Hallum from $22.00 to $37.00. They now have a "buy" rating on the stock.MarketBeat
- Power Solutions International Announces Third Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Power Solutions International Announces Third Quarter 2024 Financial ResultsGlobeNewswire
PSIX
Sec Filings
- 11/7/24 - Form 8-K
- 11/7/24 - Form 10-Q
- 11/7/24 - Form 4
- PSIX's page on the SEC website