Core Molding Tech Extends $100M Credit Facility to 2031
CMT•CMT•CMT•CMT•Core Molding Technologies extended its amended credit agreement to 2031, comprising a $50 million delayed draw term loan and a $50 million revolving credit facility. The covenant-light facility bears interest at SOFR plus 1.50%–3.75% and is aimed at funding operational improvements, organic growth, and acquisitions.
On July 7, 2026, Core Molding Technologies amended and extended its credit agreement through 2031, establishing a $50 million delayed draw term loan alongside a $50 million revolving credit facility.
The covenant-light structure provides enhanced flexibility, with borrowings priced at SOFR plus a leverage-based margin ranging from 1.50% to 3.75%, lowering overall cost of capital and bolstering available liquidity.
Management highlighted that the extended facility will support operational excellence initiatives, fund organic growth programs, and enable value-enhancing acquisitions while preserving a prudent capital structure.
