--- schema_version: "secwatch.filing_event.v1" accession: "0000916789-24-000007" form_type: "8-K" ticker: "HELE" cik: "0000916789" company_name: "HELEN OF TROY LTD" filed_at: "2024-02-20T23:59:59+00:00" generated_at: "2026-06-05T23:42:21.370623+00:00" event_type: "debt" sentiment: "neutral" materiality_score: 0.6 calibrated_materiality_score: 0.6 confidence: "high" source: SEC EDGAR --- # Helen of Troy enters new $1.5B credit facility, replaces prior $1.25B revolver ## Summary - New Credit Agreement provides $1.0B revolver, $250M initial term loan (drawn), $250M delayed draw term loan, matures Feb 15, 2029. - Proceeds from initial term loan used to refinance ~$242.2M outstanding under prior agreement; no early termination penalties. - Accordion feature allows commitment increases up to fixed incremental amount plus unlimited if leverage ratio ≤3.25x. - Financial covenants include max leverage ratio and min interest coverage ratio; interest based on Term SOFR plus 1.0%-2.125%. - Prior $1.25B credit agreement terminated in connection with the new facility. ## SEC filing metadata - accession: 0000916789-24-000007 - form_type: 8-K - ticker: HELE - cik: 0000916789 - company_name: HELEN OF TROY LTD - filed_at: 2024-02-20T23:59:59+00:00 - event_type: debt - sentiment: neutral - materiality_score: 0.6 - calibrated_materiality_score: 0.6 - confidence: high - sec_items: 1.01, 1.02, 2.03, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/916789/000091678924000007/0000916789-24-000007-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/916789/000091678924000007/hele-20240215.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0000916789-24-000007 - JSON: https://secwatch.observer/filing/0000916789-24-000007.json - Plain text: https://secwatch.observer/filing/0000916789-24-000007.txt ## Key facts - Debt Financings HELEN OF TROY LTD incurred term loan of $250 million delayed draw term loan facility at Base Rate or Term SOFR, plus a margin based on the Net Leverage Ratio maturing February 15, 2029. - Instrument: term loan - Principal: $250 million delayed draw term loan facility - Rate: Base Rate or Term SOFR, plus a margin based on the Net Leverage Ratio - Maturity: February 15, 2029 - Event: incurrence source text: a committed $250 million delayed draw term loan facility (the “DDTL Term Loans” and collectively with the Initial Term Loan, the “Term Facility”), which may be borrowed in multiple drawdowns until August 15, 2025. evidence_url: https://www.sec.gov/Archives/edgar/data/916789/000091678924000007/0000916789-24-000007-index.htm - Debt Financings HELEN OF TROY LTD incurred credit facility of $1.50 billion aggregate commitments with Bank of America, N.A., as administrative agent at Base Rate or Term SOFR, plus a margin based on the Net Leverage Ratio maturing February 15, 2029. - Instrument: credit facility - Principal: $1.50 billion aggregate commitments - Counterparty: Bank of America, N.A., as administrative agent - Rate: Base Rate or Term SOFR, plus a margin based on the Net Leverage Ratio - Maturity: February 15, 2029 - Event: incurrence source text: N.A. and the other lenders party thereto (as amended, collectively referred to as the “Prior Credit Agreement”). The Credit Agreement provides for aggregate commitments of $1.50 billion, which commitments are available through the following facilities: Revolving Facility - A $1.0 billion revolving credit facility (the “Revolving Facility”), which includes a $50 evidence_url: https://www.sec.gov/Archives/edgar/data/916789/000091678924000007/0000916789-24-000007-index.htm - Debt Financings HELEN OF TROY LTD incurred term loan of $250.0 million term loan facility with Bank of America, N.A., as administrative agent at Base Rate or Term SOFR, plus a margin based on the Net Leverage Ratio maturing February 15, 2029. - Instrument: term loan - Principal: $250.0 million term loan facility - Counterparty: Bank of America, N.A., as administrative agent - Rate: Base Rate or Term SOFR, plus a margin based on the Net Leverage Ratio - Maturity: February 15, 2029 - Event: incurrence source text: A $250.0 million term loan facility, which was drawn on the closing date of the Credit Agreement (the “Initial Term Loan”) evidence_url: https://www.sec.gov/Archives/edgar/data/916789/000091678924000007/0000916789-24-000007-index.htm - Debt Financings HELEN OF TROY LTD amended revolving credit of $1.0 billion revolving credit facility with Bank of America, N.A., as administrative agent at Base Rate or Term SOFR, plus a margin based on the Net Leverage Ratio maturing February 15, 2029. - Instrument: revolving credit - Principal: $1.0 billion revolving credit facility - Counterparty: Bank of America, N.A., as administrative agent - Rate: Base Rate or Term SOFR, plus a margin based on the Net Leverage Ratio - Maturity: February 15, 2029 - Event: amendment source text: The Credit Agreement provides for aggregate commitments of $1.50 billion, which commitments are available through the following facilities: Revolving Facility - A $1.0 billion revolving credit facility (the “Revolving Facility”), which includes a $50 million sublimit for the issuance of letters of credit. evidence_url: https://www.sec.gov/Archives/edgar/data/916789/000091678924000007/0000916789-24-000007-index.htm - Material Agreements HELEN OF TROY LTD entered into Credit Agreement with Bank of America, N.A., as administrative agent, and the other lenders party thereto valued at $1.50 billion (effective 2024-02-15). - Action: entry - Agreement: credit facility - Counterparty: Bank of America, N.A., as administrative agent, and the other lenders party thereto - Value: $1.50 billion - Effective: 2024-02-15 source text: On February 15, 2024, Helen of Troy Limited (the “Company”) and Helen of Troy Texas Corporation, a subsidiary of the Company and the borrower (“Borrower”), entered into that certain Credit Agreement (the “Credit Agreement”) with Bank of America, N.A., as administrative agent, and the other lenders party thereto. evidence_url: https://www.sec.gov/Archives/edgar/data/916789/000091678924000007/0000916789-24-000007-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.