Hawkins, Inc. expands credit facility to $250M, up from $150M, with five-year maturity

HAWKINS INC

New $250M revolving credit facility replaces prior $150M facility; matures April 27, 2027.
Proceeds used to refinance ~$126M of existing debt; balance for working capital, capex, acquisitions.
Interest rate: Term SOFR plus 0.85%-1.35% margin; commitment fee 0.15%-0.25% of unused commitments.
Company also entered five-year interest rate swap locking $60M at a fixed rate.
Covenants: minimum fixed charge coverage 1.15x, maximum total cash flow leverage 3.0x.

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