American Woodmark refinances with $500M revolver and $200M term loan due Oct 2029

AMERICAN WOODMARK CORP

Entered into new $500M revolving and $200M term loan facilities, both maturing Oct 10, 2029.
Borrowed $200M term loan and ~$173M revolver to repay ~$370M existing debt plus fees.
Interest on new loans: base rate + 0.25% or Term SOFR + 1.25% initial margins.
Financial covenants: interest coverage ratio >=2.00x and total net leverage <=4.00x (4.50x post-acquisition).
Quarterly commitment fee on unused revolver at 0.20% per annum initial rate.

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