Current Report
Filed: 2026-04-15
Key Insights
- The company has entered into a new $450 million credit agreement, including a $275 million revolving facility and a $175 million term loan facility, which will be used to refinance existing debt and fund future growth opportunities.
- The new credit agreement includes customary covenants and financial covenants, such as a consolidated fixed charge coverage ratio and a consolidated leverage ratio, which the company will need to comply with.
- The company has the ability to increase the revolving facility and/or add additional term loans, up to $125 million plus an unlimited additional amount, subject to certain conditions.