debt
confidence high
sentiment positive
materiality 0.55
Mister Car Wash reprices $923M term loan, reduces margin to 2.75%
Mister Car Wash, Inc.
- Repriced $923M Term Loan B due 2031; SOFR margin cut 25 bps to 2.75% with further step-downs.
- Revolving loan margin reduced from 3.00% to 2.75%, with step-downs based on First Lien Net Leverage Ratio.
- Soft call protection of 1% reset for six months on voluntary prepayments of repriced term loans.
- Base rate loan margin reduced to 1.75% from 2.00% with similar step-down structure.