On March 27, 2024, The Shyft Group, Inc. (Shyft), The Shyft Group Services, LLC, The Shyft Group USA, Inc. and Royal Truck Body LLC, each acting as borrowers, and certain other subsidiaries of Shyft, each acting as guarantors, entered into the Second Amendment to Amended and Restated Credit Agreement (the ?Credit Agreement Amendment?). The Credit Agreement Amendment, among other things, (i) reduced the revolving credit commitments from $400 million to $300 million, (ii) increased the applicable margin for term SOFR loans and base rate loans, (iii) adjusted the calculation of debt for purposes of determining the leverage ratio and (iv) temporarily increased the maximum leverage ratio. The Credit Agreement Amendment amends that certain Amended and Restated Credit Agreement, dated November 30, 2021, as amended, with Wells Fargo Bank, National Association (?Wells Fargo?), as administrative agent, and the lenders party thereto consisting of Wells Fargo, JPMorgan Chase Bank, N.A., PNC Bank, National Association and Bank of America, N.A.