Company: CVGI
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001290900-25-000010
Chunk: 8

Company: Commercial Vehicle Group, Inc.
Filing Date: 2025-08-04
Form: 10-Q
Item: Item 1
Chunk 8
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 harnesses, panels and assemblies1,700 104,037 — 105,737 Plastic & Trim components— — 70,393 70,393 Mirrors, wipers and controls— — 19,455 19,455 Total$147,866 $104,037 $89,848 $341,751 

7

Six Months Ended June 30, 2024Global SeatingGlobal Electrical SystemsTrim Systems and ComponentsTotalSeats$161,972 $— $— $161,972 Electrical wire harnesses, panels and assemblies1,229 112,365 — 113,594 Plastic & Trim components— — 85,984 85,984 Mirrors, wipers and controls— — 26,741 26,741 Total$163,201 $112,365 $112,725 $388,291 

4. Debt 

Debt consisted of the following:June 30, 2025December 31, 2024Term Loan due 2030$95,000 $— ABL Revolving credit facility30,300 — Prior Term Loan due 2027— 85,000 Prior Revolver due 2027— 50,500 Fair value of warrants issued to lenders (Note 6)(2,636)— Unamortized debt discount and issuance costs(4,514)— $118,150 $135,500 Less: current portion of long-term debt(946)(8,438)Total long-term debt, net of current portion$117,204 $127,062 Short-term debt - China credit facility4,186 — 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