Helen of Troy amends credit facility: revolver cut to $750M, leverage holiday extended

HELEN OF TROY LTD

Revolver commitment reduced from $1.0B to $750.0M; CFO says no near-term borrowing capacity limitation.
Added interest margin tier at ≥4.00x net leverage: Base Rate +1.375% or Term SOFR +2.375% plus 0.10% credit spread.
Leverage ratio covenant amended with stepped maximums: 4.50x through Aug 2026, stepping down to 3.50x after Aug 2027.
Interest coverage ratio numerator changed from Consolidated EBIT to Consolidated EBITDA.
Certain investment and debt baskets reduced until August 31, 2027.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

HELEN OF TROY LTD amended Credit Agreement with Bank of America, N.A. valued at reduces the commitment under the revolving credit facility from $1.0 billion to $750.0 million (effective 2025-11-25).

Action: amendment
Agreement: credit facility
Counterparty: Bank of America, N.A.
Value: reduces the commitment under the revolving credit facility from $1.0 billion to $750.0 million
Effective: 2025-11-25

Exact text from the filing

On November 25, 2025, Helen of Troy Limited (the “Company”) and Helen of Troy Texas Corporation, a subsidiary of the Company and the borrower (“Borrower”), entered into an amendment (the “Amendment”) to the Credit Agreement dated February 15, 2024 (the “Credit Agreement”) with Bank of America, N.A., as administrative agent, and the other lenders party thereto.

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Source: SEC EDGAR

accession 0000916789-25-000110

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