LSI Industries Reports Material Definitive Agreement

TL;DR

LSI inked a big deal, expect financial moves.

AI Summary

LSI Industries Inc. entered into a material definitive agreement on November 3, 2025, which also created a direct financial obligation for the registrant. The filing details this agreement and related financial obligations, with exhibits provided as part of the report.

Why It Matters

This filing indicates a significant new financial commitment or contract for LSI Industries, which could impact its financial health and future operations.

Risk Assessment

Risk Level: medium — Material definitive agreements and new financial obligations can introduce significant financial risks and operational changes.

Key Players & Entities

• LSI INDUSTRIES INC. (company) — Registrant
• November 3, 2025 (date) — Date of earliest event reported
• Ohio (location) — State of Incorporation
• 10000 Alliance Road, Cincinnati, Ohio 45242 (address) — Principal Executive Offices

FAQ

Key Financial Figures

• $75 million — the " Revolving Credit Facility ") from $75 million to $125 million and terminates the $25
• $125 million — Credit Facility ") from $75 million to $125 million and terminates the $25 million term loa
• $25 million — lion to $125 million and terminates the $25 million term loan under LSI's prior Loan Agreem
• $73 million — he Revolving Credit Facility, there was $73 million available for borrowing. In addition

Filing Documents

• lyts20251029_8k.htm (8-K) — 31KB
• ex_881528.htm (EX-10.1) — 172KB
• lsi01.jpg (GRAPHIC) — 7KB
• pnclogo.jpg (GRAPHIC) — 3KB
• 0001437749-25-033146.txt ( ) — 395KB
• lyts-20251103.xsd (EX-101.SCH) — 3KB
• lyts-20251103_def.xml (EX-101.DEF) — 11KB
• lyts-20251103_lab.xml (EX-101.LAB) — 15KB
• lyts-20251103_pre.xml (EX-101.PRE) — 11KB
• lyts20251029_8k_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On November 3, 2025, LSI Industries Inc. (" LSI " or " Company ") and PNC Bank, National Association (" Bank ") entered into a Second Amended and Restated Loan Agreement effective as of September 30, 2025 (" Amended Loan Agreement "). The Amended Loan Agreement increases the amount of LSI's borrowing availability under the senior secured revolving credit facility (the " Revolving Credit Facility ") from $75 million to $125 million and terminates the $25 million term loan under LSI's prior Loan Agreement. The Revolving Credit Facility will be used to fund ongoing working capital and general corporate purposes. The obligations of LSI and its subsidiary guarantors are secured by substantially all of the personal property and material fee owned real property of LSI and certain of its subsidiaries. The Revolving Credit Facility will expire in the first quarter of fiscal 2031. Interest is charged based upon an increment over the Secured Overnight Financing Rate (" SOFR "). The increment over the SOFR borrowing rate fluctuates between 100 and 225 basis points of which depend upon the ratio of indebtedness to earnings before interest, taxes, depreciation, and amortization (" EBITDA "), as defined in the Amended Loan Agreement. As of September 30, 2025, the Company's borrowing rate against its revolving line of credit was 5.5%. The increment over the SOFR borrowing rate will be 100 basis points for the second quarter of fiscal 2026. The fee on the unused balance of the $125 million committed line of credit fluctuates between 15 and 25 basis points. Under the terms of the Amended Loan Agreement, the Company is required to comply with a financial covenant that limits the ratio of indebtedness to EBITDA. The Company is also required to maintain an interest coverage ratio equal to or above the minimum set forth in the Amended Loan Agreement. Under the Revolving Credit Facility, there was $73 million available for borrowin

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No . Description 10.1 Second Amended and Restated Loan Agreement dated November 3, 2025 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

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. LSI INDUSTRIES INC. BY: /s/ James E. Galeese James E. Galeese Executive Vice President, Chief Financial Officer Dated: November 5, 2025

View Full Filing

View this 8-K filing on SEC EDGAR