debt
confidence high
sentiment positive
materiality 0.50
Holley refinances 2018 credit facility with new $825M facility at lower rates
Holley Inc.
- New $825M facility: $600M term loan B, $100M delayed draw term loan, $125M revolver.
- Term loan priced at LIBOR +375 bps, lower than prior debt costs.
- Proceeds used to fully repay existing 2018 first-lien and second-lien credit agreements.
- Delayed draw term loan (available 6 months) and revolver not funded at closing.
- Expanded borrowing capacity supports acquisition strategy; matures Nov 2028.