Hayward Pool Products Canada, Inc., a Canadian subsidiary of Hayward Holdings Inc., has recently been involved in a significant update to its financial agreements. On June 18, 2025, the company, alongside its parent company and other subsidiaries, entered into the Fifth Amendment of the ABL Credit Agreement. This amendment, involving Bank of America and other financial institutions, extends the maturity date of the revolving facility to February 25, 2028. Additionally, it removes the 10 basis points credit spread adjustment for Secured Overnight Financing Rate borrowings and eliminates the first-in, last-out subfacility. This move aims to optimize the financial structure and flexibility of Hayward's subsidiaries.
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