Corsair Gaming Secures New $225 Million Credit Facility with Bank of America to Support Growth Initiatives

Reuters

07/02

<a href="https://laohu8.com/S/CRSR">Corsair Gaming</a> Secures New $225 Million Credit Facility with Bank of America to Support Growth Initiatives

Corsair Gaming Inc. has announced a refinancing of its existing loan facilities with a new agreement involving Bank of America. The company has secured a $100 million revolving credit facility and a $125 million term loan facility. The new term loan reflects a $24 million repayment scheduled for Q2 2025. The interest rate is based on either a base rate or term SOFR, plus a margin that varies according to Corsair's net leverage ratio. Currently, the SOFR borrowings under the new facilities are at term SOFR plus 1.50%. The maturity date for these facilities is set for June 30, 2030. The revolving credit facility remains fully available for various corporate needs, including working capital and strategic investments. Corsair's CFO, Michael G. Potter, emphasized that this refinancing strengthens their relationship with Bank of America and provides flexibility for strategic growth investments.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Corsair Gaming Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250702815075) on July 02, 2025, and is solely responsible for the information contained therein.

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Potter, emphasized that this refinancing strengthens their relationship with Bank of America and provides flexibility for strategic growth investments.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Corsair Gaming Inc. published the original content used to generate this news brief via Business Wire (Ref. 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The company has secured a $100 million revolving credit facility and a $125 million term loan facility. The new term loan reflects a $24 million repayment scheduled for <a href=\"https://laohu8.com/S/QTWO\">Q2</a> 2025. The interest rate is based on either a base rate or term SOFR, plus a margin that varies according to Corsair's net leverage ratio. Currently, the SOFR borrowings under the new facilities are at term SOFR plus 1.50%. The maturity date for these facilities is set for June 30, 2030. The revolving credit facility remains fully available for various corporate needs, including working capital and strategic investments. Corsair's CFO, Michael G. Potter, emphasized that this refinancing strengthens their relationship with Bank of America and provides flexibility for strategic growth investments.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Corsair Gaming Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250702815075) on July 02, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0306806265.USD","symbol_name":"SCHRODER ISF GLOBAL DIVIDEND MAXIMISER \"A\" ACC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250702:nNDL4FqMVt:1","article_id":"2548896693","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2548896693","pubTimestamp":1751454031,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Corsair Gaming Inc. has announced a refinancing of its existing loan facilities with a new agreement involving Bank of America. 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The company has secured a $100 million revolving credit facility and a $125 million term loan facility. The new term loan reflects a $24 million repayment scheduled for Q2 2025. The interest rate is based on either a base rate or term SOFR, plus a margin that varies according to Corsair's net leverage ratio. Currently, the SOFR borrowings under the new facilities are at term SOFR plus 1.50%. The maturity date for these facilities is set for June 30, 2030. The revolving credit facility remains fully available for various corporate needs, including working capital and strategic investments. Corsair's CFO, Michael G. Potter, emphasized that this refinancing strengthens their relationship with Bank of America and provides flexibility for strategic growth investments.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Corsair Gaming Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250702815075) on July 02, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}