Westport Fuel refinances $20 million term loan at Prime plus 201 bps

By Mary-Katherine Stinson

Lexington, Ky., Dec. 16 – Westport Fuel Systems Inc. refinanced its $20 million term loan from Export Development Canada, according to a press release.

The facility’s interest rate is now Prime plus 201 basis points.

The maturity has also been extended to Sept. 15, 2026.

This replaces an approximately $18 million facility under the second amended and restated facility agreement including the original term facility and the Covid-19 facility, with an option to draw an additional $2 million.

Westport is a Vancouver, B.C.-based engineer, manufacturer and supplier of advanced clean-burning fuel systems and components.

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