debt
confidence high
sentiment neutral
materiality 0.50
Corsair Gaming signs $225M credit facility ($100M revolver, $125M term loan) maturing 2030
Corsair Gaming, Inc.
- Total commitments of $225M: $100M revolving credit facility and $125M term loan, both due June 30, 2030.
- Allows incremental facilities up to $125M additional, subject to conditions.
- Interest rate options: term SOFR plus 1.50%-2.50% or base rate plus 0.50%-1.50%, based on leverage.
- Refinances and replaces prior credit agreement from September 2021.
- Covenants include max total net leverage ratio and min interest coverage ratio; secured by substantially all U.S. subsidiary assets.
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