LCI INDUSTRIES (NYSE:LCII) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01
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Entry into a Material Definitive Agreement
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herein by reference.
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Item 2.03
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Creation of a Direct Financial Obligation or an Obligation
under an Off-Balance Sheet Arrangement of a Registrant |
Lippert Components, Inc. (collectively, the Company) amended and
restated its $150.0 million shelf-loan facility with PGIM, Inc.
and its affiliates (Prudential), to which $50.0 million of the
Companys 3.35% Series A Senior Notes due March 20, 2020 are
currently outstanding. The facility provides for Prudential to
consider purchasing, at the Companys request, in one or a series
of transactions, Senior Promissory Notes of the Company in the
aggregate principal amount of up to $150.0 million, to mature no
more than twelve years after the date of original issue of each
Senior Promissory Note. Prudential has no obligation to purchase
the Senior Promissory Notes. Interest payable on the Senior
Promissory Notes will be at rates determined by Prudential within
five business days after the Company issues a request to
Prudential.
Purchase and Private Shelf Agreement to extend the expiration
date of the facility to March 30, 2020. The amendment also
increases the aggregate principal amount available under the
shelf loan facility by excluding the outstanding Series A Senior
Notes from the $150.0 million limit.
contained herein is a summary of the material terms, does not
purport to be complete, and is qualified in its entirety by
reference to the Note Purchase and Private Shelf Agreement, a
copy of which is attached as Exhibit 10.7 to the Registrants
Current Report on Form 8-K filed May 3, 2016 and incorporated
herein by reference, as amended by the First Amendment, a copy of
which is attached as Exhibit 10.1 to this Current Report on Form
8-K.
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Item 9.01
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Financial Statements and Exhibits
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10.1
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First Amendment, dated March 30, 2017, to Fourth Amended
and Restated Note Purchase and Private Shelf Agreement, by and among PGIM, Inc. and Affiliates, and Lippert Components, Inc. guaranteed by LCI Industries |
About LCI INDUSTRIES (NYSE:LCII)
LCI Industries, formerly Drew Industries Incorporated, through its subsidiary, Lippert Components, Inc. and its subsidiaries (LCI), supplies an array of components for the original equipment manufacturers (OEMs) of recreational vehicles (RVs) and adjacent industries. The Company’s segments include OEM Segment and Aftermarket Segment. The OEM Segment manufactures or distributes an array of components for the OEMs of RVs and adjacent industries, including buses; trailers used to haul boats, livestock, equipment and other cargo; pontoon boats; manufactured homes; modular housing, and mobile office units. The Aftermarket Segment supplies components to the related aftermarket channels of the RV and adjacent industries, primarily to retail dealers, wholesale distributors and service centers. Its products include steel chassis and related components; thermoformed bath, kitchen and other products; vinyl, aluminum and frameless windows; awnings and awning accessories, and other accessories. LCI INDUSTRIES (NYSE:LCII) Recent Trading Information
LCI INDUSTRIES (NYSE:LCII) closed its last trading session down -0.10 at 97.45 with 254,639 shares trading hands.
