Kimball Electronics amends, extends upsized $100 million revolver

By William Gullotti

Buffalo, N.Y., Jan. 5 – Kimball Electronics, Inc. amended its secondary, 364-day multicurrency revolving credit facility with JPMorgan Chase Bank, NA as administrative agent on Friday, according to an 8-K filing with the Securities and Exchange Commission.

The initial 364-day facility, dated Feb. 3, 2023, totaled $50 million.

The amendment doubled the borrowing limit and extended the maturity date to Jan. 3, 2025 from Feb. 2, 2024

JPMorgan is also a joint bookrunner and joint lead arranger with BofA Securities, Inc. Bank of America, NA is the documentation agent.

Based in Jasper, Ind., Kimball is a global contract electronics manufacturing services company that specializes in durable electronics for the automotive, medical, industrial and public safety markets.

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