Dixie Group enters $75M revolving credit facility with MidCap, replaces Fifth Third

DIXIE GROUP INC

New $75M revolver with MidCap Financial IV Trust dated Feb 25, 2025, matures Feb 25, 2028.
Proceeds used to retire existing Fifth Third facility and post cash collateral for LC obligations.
Secured by accounts receivable, inventory, and other assets, including liens on Calhoun and Chatsworth, GA facilities.
Contains financial covenants requiring minimum EBITDA thresholds and minimum excess availability under certain conditions.

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