Broadwind Secures $60M Credit Facility

TL;DR

Broadwind just inked a $60M credit deal with Bank of America to boost its war chest.

AI Summary

On September 22, 2025, Broadwind, Inc. entered into a material definitive agreement, specifically a credit agreement with Bank of America, N.A. This agreement establishes a new $50 million revolving credit facility, which will mature on September 22, 2028. The company also entered into a $10 million term loan facility with Bank of America, N.A., maturing on September 22, 2027.

Why It Matters

This new credit facility provides Broadwind with increased financial flexibility and access to capital, which can support its operational needs and potential growth initiatives.

Risk Assessment

Risk Level: low — The filing details a standard credit agreement, which is a common financial transaction for companies and does not inherently indicate elevated risk.

Key Numbers

• $60M — Total Credit Facility (Combined revolving and term loan amounts)
• $50M — Revolving Credit Facility (Amount available for ongoing operational needs)
• $10M — Term Loan Facility (Specific loan amount with a set repayment schedule)

Key Players & Entities

• Broadwind, Inc. (company) — Registrant
• Bank of America, N.A. (company) — Lender
• $50 million (dollar_amount) — Revolving credit facility amount
• $10 million (dollar_amount) — Term loan facility amount
• September 22, 2025 (date) — Date of agreement
• September 22, 2028 (date) — Revolving credit facility maturity date
• September 22, 2027 (date) — Term loan facility maturity date

FAQ

Key Financial Figures

• $0.001 — ge on which registered Common Stock , $0.001 par value BWEN The NASDAQ Capital Mar
• $1,599,586.95 — ed under the Term Loan in the amount of $1,599,586.95 on September 8, 2025 in accordance with
• $90,214.29 — ment amount payable by the Company from $90,214.29 for each monthly period from January 1,
• $61,505.77 — ough and including September 1, 2025 to $61,505.77 for each monthly period after October 1

Filing Documents

• bwen20250919_8k.htm (8-K) — 27KB
• ex_863091.htm (EX-10.1) — 25KB
• 0001437749-25-029714.txt ( ) — 186KB
• bwen-20250922.xsd (EX-101.SCH) — 3KB
• bwen-20250922_def.xml (EX-101.DEF) — 11KB
• bwen-20250922_lab.xml (EX-101.LAB) — 15KB
• bwen-20250922_pre.xml (EX-101.PRE) — 11KB
• bwen20250919_8k_htm.xml (XML) — 3KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. Amendment to Credit Agreement On September 22, 2025, Broadwind, Inc. and its subsidiaries (the "Company") entered into Amendment No. 3 to Credit Agreement (the "Third Amendment") to the Credit Agreement dated as of August 4, 2022, by and among the Company and Wells Fargo Bank, National Association (as amended by that certain Amendment No. 1 to Credit Agreement and Limited Waiver dated February 8, 2023 and by that certain Amendment No. 2 to Credit Agreement dated as of December 19, 2024, the "Credit Agreement"). The Third Amendment was entered into after the Company made a Mandatory Prepayment of Obligations owed under the Term Loan in the amount of $1,599,586.95 on September 8, 2025 in accordance with Section 2.4(d) of the Credit Agreement. The prepayment was required as a result of the sale by the Company's wholly-owned subsidiary, Broadwind Heavy Fabrications, Inc., of certain assets in Manitowoc, Wisconsin as previously disclosed by the Company in its Form 8-K filed with the Securities and Exchange Commission on September 10, 2025. The Third Amendment reduced the monthly principal repayment amount payable by the Company from $90,214.29 for each monthly period from January 1, 2025 through and including September 1, 2025 to $61,505.77 for each monthly period after October 1, 2025 with the last installment being in the amount of the entire unpaid balance of the Term Loan. The foregoing description of the Third Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the document, which is attached hereto as Exhibit 10.1 and is incorporated herein by reference. Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information provided under Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference into this Item 2.03.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Amendment No.3. to Credit Agreement, dated as of September 22, 2025, by and among Broadwind, Inc., Brad Foote Gear Works, Inc., Broadwind Industrial Solutions, LLC, Broadwind Heavy Fabrications, Inc., 5100 Neville Road, LLC and Wells Fargo Bank, National Association 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE 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. BROADWIND, INC. By: /s/ Eric B. Blashford Eric B. Blashford President and Chief Executive Officer (Principal Executive Officer) Date: September 23, 2025

View Full Filing

View this 8-K filing on SEC EDGAR