Company: CVGI
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-051174
Chunk: 9

Company: Commercial Vehicle Group, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 1
Chunk 9
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 $153,527 $124,139 $494,240 

7

Nine Months Ended September 30, 2024Global SeatingGlobal Electrical SystemsTrim Systems and ComponentsTotalSeats$237,676 $— $— $237,676 Electrical wire harnesses, panels and assemblies2,168 159,079 — 161,247 Plastic & Trim components— — 123,167 123,167 Mirrors, wipers and controls— — 37,973 37,973 Total$239,844 $159,079 $161,140 $560,063 

4. Debt 

Debt consisted of the following:September 30, 2025December 31, 2024Term Loan due 2030$94,762 $— ABL Revolving credit facility20,225 — Prior Term Loan due 2027— 85,000 Prior Revolver due 2027— 50,500 Unamortized value of warrants (2,503)— Unamortized debt discount and issuance costs(4,276)— $108,208 $135,500 Less: current portion of long-term debt(944)(8,438)Total long-term debt, net of current portion$107,264 $127,062 Short-term debt - China credit facility$4,213 — Term Loan Due 2030On June 27, 2025, the Company entered into a $95 million secured credit facility (the “Term Loan”) pursuant to a term loan and security agreement with TCW Asset Management Company LLC (“TCW Management”), as administrative agent, and other lender parties thereto.  All obligations of the Company under the Term Loan are unconditionally guaranteed by the Company and certain of its subsidiaries. The Company and each of its guarantor subsidiaries have granted liens in substantially all of their property to secure their respective obligations under the Term Loan, guaranties and related documents. The Term Loan matures on June 27, 2030.The proceeds of the Term Loan were used, together with cash on hand of the Company, to (a) pay down the then existing term loan and revolving credit facilities due 2027 of the Company with Bank of America, N.A. as administrative agent (the “Prior Credit Facilities"), (b) pay related transaction costs, fees and expenses incurred in connection therewith, and (