debt
confidence high
sentiment neutral
materiality 0.45
UniFirst enters $300M unsecured revolving credit facility maturing 2030; upsize option to $400M
UNIFIRST CORP
- Third Amended and Restated Credit Agreement provides $300M revolver, with $150M sublimit for letters of credit.
- Facility matures August 12, 2030; may be increased up to $400M via accordion feature.
- Initial interest rate for SOFR borrowings is SOFR + 1.00%; pricing grid tied to leverage ratio.
- Credit agreement replaces 2021 facility and includes customary financial covenants and default provisions.
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