MasterCraft Boat Holdings Amends Credit Facility, Extends Maturity to 2031 and Lowers Revolver to $75 Million

Reuters
Feb 06
<a href="https://laohu8.com/S/MCFT">MasterCraft Boat</a> Holdings Amends Credit Facility, Extends Maturity to 2031 and Lowers Revolver to $75 Million

MasterCraft Boat Holdings Inc. has entered into a fifth amendment to its existing credit agreement with JPMorgan Chase Bank, N.A., as administrative agent, and the lenders involved. The amendment adds Wells Fargo Bank, N.A., as a joint lead arranger, reduces the aggregate revolving commitments to $75 million, extends the revolving maturity to 2031, and increases the uncommitted accordion capacity by up to an additional $100 million, subject to certain terms. The amendment also updates the pricing grid and temporarily sets the applicable interest rate at the Category 4 level until the delivery of the company’s next quarterly financial report.

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