debt
confidence high
sentiment neutral
materiality 0.30
Flexsteel reduces revolving credit facility to $55M via third amendment to Wells Fargo agreement
FLEXSTEEL INDUSTRIES INC
- Third Amendment to Credit Agreement with Wells Fargo sets Maximum Revolver Amount at $55 million.
- No outstanding borrowings under the revolving line of credit as of June 3, 2025.
- Covenant and increased reporting triggers now threshold at greater of 10% of $55M or $5.5M availability.
- Company initiated the reduction to better align with current and projected borrowing needs.
item 1.01item 9.01