Financing ·
Power Solutions International secures $220 million revolving credit facility with HSBC
PSIXPower Solutions International, Inc.
Power Solutions International entered into a new $220 million committed revolving credit facility with HSBC and other lenders on September 25, 2026, maturing in September 2029. The company borrowed $35 million at closing to repay the prior $135 million facility, which carried approximately $15.1 million in outstanding obligations, and for working capital. Interest rates are reduced from SOFR plus 2.60% to SOFR plus 1.80%, with a 0.20% commitment fee on unused amounts. The agreement includes financial covenants requiring an interest coverage ratio of at least 3.00:1 and a leverage ratio no greater than 3.00:1, alongside change-of-control provisions tied to Weichai Power's ownership stake. Power Solutions International designs, engineers, and manufactures emission-certified engines and power systems for industrial and transportation applications.