Simpson Manufacturing Amends and Restates Credit Agreement With Wells Fargo and Lenders
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Simpson Manufacturing Co. Inc. has amended and restated its credit agreement with Wells Fargo and other lenders. The new agreement includes financial covenants, such as a maximum consolidated net leverage ratio of 3.50 to 1.00, with an option to increase following a significant acquisition. It also imposes restrictions on liens, indebtedness, and other financial activities. In case of default, lenders can terminate commitments and accelerate repayment. This information is sourced from Simpson Manufacturing's filing with the SEC.
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