Stoneridge, Inc. announced that, effective from November 2, 2023, it has entered into a new three-year $275 million Senior Secured Revolving Credit Facility (the "Facility") with a group of six banks, led by PNC Capital Markets LLC, BOFA Securities, Inc. and JPMorgan Chase Bank, N.A., as Joint Lead Arrangers. The new Facility replaces the Company's prior facility that was due to mature in June 2024. The Facility maintains an accordion feature that allows the Company to increase the availability by up to $150 million upon the satisfaction of certain conditions, including the consent of lenders, and has leverage and interest coverage ratio covenants similar to the prior facility.