STONERIDGE, INC. ANNOUNCES REFINANCING OF ITS EXISTING CREDIT FACILITY WITH NEW $275 MILLION SENIOR SECURED REVOLVING CREDIT FACILITY

NOVI, Mich., Nov. 2, 2023

Matt Horvath, Chief Financial Officer, commented, "We are pleased to announce that our third quarter financial performance, as well as our expectations of continued growth and earnings expansion, enabled us to complete the refinancing of our revolving credit facility this morning. The new Facility extends our maturity date for three years and provides the Company with ample liquidity and flexibility to continue to support our growth. We appreciate the support of our continuing banking partners as well as the addition of several new banks that will support our global growth initiatives."

Details of the Facility can be found in the Form 8-K that will be filed this morning and can be accessed on the SEC Filings page of the Investors section of the Company's website, www.stoneridge.com. 

Stoneridge, Inc., headquartered in Novi, Michigan, is a global designer and manufacturer of highly engineered electrical and electronic systems, components and modules for the automotive, commercial, off-highway and agricultural vehicle markets. Additional information about Stoneridge can be found at www.stoneridge.com.

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SOURCE Stoneridge, Inc.