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nodus:board-report · nodus:treasury-summary · nodus:executive-pack · nodus:risk-overview
Board Treasury Pack
Q1 2026 Board Report · Treasury & Risk Section · Meridian Corp.
March 17, 2026
|
Q1 2026
|
Meridian Corp.
Executive Summary
Liquidity & Cash
Debt & Covenants
Risk Dashboard
Q1 2026 · BOARD OF DIRECTORS
Treasury & Risk Report
Prepared for: Board of Directors, Meridian Corp. · March 17, 2026
Company
Meridian Corp.
Period
Q1 2026 (Jan–Mar)
Report Date
March 17, 2026
Prepared By
Treasury Department
Key Messages
✓
Liquidity remains strong: $179.8M cash + $180M undrawn RCF = $359.8M total liquidity
⚠
All 8 debt covenants compliant; FCCR monitoring required — headroom 4.8% above floor
i
FX hedging program 82.3% effective; BRL below policy floor — corrective action underway
Key Performance Indicators
Total Liquidity
$359.8M
44% above $250M policy floor
STRONG
Net Leverage
2.84x
Max 3.5x · 18.9% headroom
COMPLIANT
Hedge Ratio
82.3%
$287.4M notional · 89.4% effective
ON TARGET
FCCR (TTM)
1.31x
Floor 1.25x · 4.8% headroom
MONITORING