HAWKINS INC (HWKN): debt financing — Hawkins ups revolving credit facility to $400M, draws $150M for WaterSurplus acquisition

HAWKINS INC

Revolving credit facility increased to $400M from prior $0M; includes $10M LC and $25M swingline subfacilities.
Drew $150M to acquire substantially all assets of Surplus Management, Inc. dba WaterSurplus.
Facility matures April 25, 2030; rates based on Term SOFR plus 1.00%-1.85% or base rate plus 0.00%-0.85%.
Covenants include min. fixed charge coverage 1.15x, max. leverage 3.5x (4.0x after permitted acquisitions).
JP Morgan Chase, Wells Fargo, and Associated Bank joined as lenders alongside U.S. Bank.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

HAWKINS INC incurred revolving credit of $400.0 million with U.S. Bank National Association at Term SOFR plus between 1.0% - 1.85% maturing April 25, 2030.

Instrument: revolving credit
Principal: $400.0 million
Counterparty: U.S. Bank National Association
Rate: Term SOFR plus between 1.0% - 1.85%
Maturity: April 25, 2030
Event: incurrence

Exact text from the filing

The Amendment increased the revolving commitment under the Existing Credit Agreement to provide the Company with senior secured revolving credit facilities (the “Revolving Loan Facility”) totaling $400.0 million.

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102 debt financings filed in the last 30 days. Browse all debt financings →

HAWKINS INC filing history →

Source: SEC EDGAR

accession 0000046250-25-000021

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