TriMas Corporation filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation, Financial Statements and Exhibits
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| UNITED STATES | ||||||||
| SECURITIES AND EXCHANGE COMMISSION | ||||||||
| Washington, D.C. 20549 | ||||||||
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) March 31, 2025
(Exact name of registrant as specified in its charter)
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Item 1.01 Entry into a Material Definitive Agreement.
Amendment to Existing Credit Agreement
On March 31, 2025, TriMas Corporation, a Delaware corporation (the “Company”), TriMas Company LLC, a Delaware limited liability company (the “Parent Borrower”), and certain other subsidiaries of the Company party thereto (the “Subsidiary Loan Parties”) entered into that certain Eighth Amendment (the “Amendment”), by and among the Company, the Parent Borrower, the Subsidiary Loan Parties, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent, which amends the Credit Agreement, dated as of October 16, 2013 (as amended or otherwise modified prior to giving effect to the Amendment, the “Existing Credit Agreement”; the Existing Credit Agreement as amended by the Amendment, the “Credit Agreement”).
The Amendment, among other things, (i) extends the maturity date of the credit facility to March 31, 2030, (ii) increases certain negative covenant baskets, (iii) decreases the revolving commitments from $300.0 million to $250.0 million under the Credit Agreement and (iv) makes certain other amendments to the Existing Credit Agreement.
The foregoing description of the Amendment and the Credit Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, which has been filed as Exhibit 10.1 hereto, and the full text of the Credit Agreement, which has been filed as part of Exhibit 10.1 hereto.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information contained in and incorporated into Item 1.01 above is hereby incorporated into this Item 2.03 by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. The following exhibits are filed herewith:
| Exhibit No. | Description | |||||||||||||
| 10.1 | ||||||||||||||
| 104 | Cover Page Interactive File (embedded within the Inline XBRL document). | |||||||||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| TRIMAS CORPORATION | ||||||||||||||||||||
| Date: | March 31, 2025 | By: | /s/ Jodi F. Robin | |||||||||||||||||
| Name: | Jodi F. Robin | |||||||||||||||||||
| Title: | General Counsel and Secretary | |||||||||||||||||||