AngioDynamics enters $105M credit facility; repays existing debt

ANGIODYNAMICS INC

New $75M secured revolving credit facility maturing 2027, plus $30M term loan facility for Auryon laser manufacturing costs.
Used to repay all amounts under prior credit agreement (dated June 3, 2019), which was terminated.
Interest rates: SOFR plus margin tied to leverage ratio (1.25%-1.75% for SOFR loans).
Financial covenants: Fixed charge coverage >=1.25x, total leverage <=3.00x (3.50 after acquisitions).
Uncommitted expansion feature allows up to $75M additional in $5M increments.

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