NYSE:DCOAerospace & Defense
Ducommun (DCO) Tightens Leverage Terms: Smart Balance Sheet Discipline or Added Financial Constraint?
On November 24, 2025, Ducommun amended its 2022 credit agreement, securing a five-year US$200 million senior secured term loan and a five-year US$450 million revolving credit facility, with part of the proceeds used to refinance existing debt and the remainder earmarked for working capital and general corporate purposes.
By expanding its borrowing capacity and tying terms to leverage and interest coverage covenants, Ducommun has effectively traded balance sheet flexibility for increased...