Company: PLPC
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000080035-25-000013
Chunk: 72

Company: PREFORMED LINE PRODUCTS CO
Filing Date: 2025-07-31
Form: 10-Q
Item: Part II, Item 5
Chunk 72
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ITEM 5. OTHER INFORMATION

On July 30, 2025, PLPC and certain of its subsidiaries and PNC Bank, National Association ("PNC"), entered into a Joinder and Amendment No. 9 (the "Amendment") to the Amended and Restated Loan Agreement dated September 24, 2015, as amended between the parties (as amended, the "Amended Loan Agreement") and the Fifteenth Amended and Restated Line of Credit Note (as amended and restated, the "Amended Note"), which amended and restated the outstanding line of credit note under the Amended Loan Agreement. The Amended Loan Agreement and the Amended Note Provide for the Company's Facility under which it and certain subsidiaries were able to borrow up to $90 million prior to the amendment. The changes to the Facility caused by the Amendment and the Amended Note include (1) the reduction of the borrowing capacity from $90.0 million to $60.0 million and (2) the increase of the indebtedness limit secured by mortgages, security interests or other liens permitted from $35.0 million to $55.0 million. Copies of the Amendment and Amended Note are attached hereto as Exhibits 10.1 and 10.2, respectively

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