UNIFIRST CORP (UNF): debt financing — 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.

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

UNIFIRST CORP amended revolving credit of $300,000,000 unsecured, revolving credit facility with Bank of America, N.A., as Administrative Agent, Swing Line Lender and an L/C Issuer at SOFR plus 1.00% maturing August 12, 2030.

Instrument: revolving credit
Principal: $300,000,000 unsecured, revolving credit facility
Counterparty: Bank of America, N.A., as Administrative Agent, Swing Line Lender and an L/C Issuer
Rate: SOFR plus 1.00%
Maturity: August 12, 2030
Event: amendment

Exact text from the filing

The Credit Agreement provides for a $300,000,000 unsecured, revolving credit facility, of which $150,000,000 may be used for issuances of letters of credit.

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Source: SEC EDGAR

accession 0000717954-25-000006

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