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.

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