Gentherm amends revolving credit line, upsizes to $350 million

By Susanna Moon

Chicago, Dec. 16 – Gentherm said it expanded the borrowing amount under its revolving credit line to $350 million from $250 million.

“The increase in our borrowing capacity complements our strong liquidity position and cash flow generation, providing us with the financial flexibility to pursue strategic growth opportunities,” Dan Coker, the company’s president and chief executive officer, said in a company press release.

The amendments were effective as of Thursday.

Gentherm makes thermal management technologies for automobiles and is based in Northville, Mich.

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