Champion Homes enters $200M credit facility, extends maturity to July 2030

Champion Homes, Inc.

Second Amended and Restated Credit Agreement provides $200M revolving facility with $45M sub-limit for letters of credit.
Maturity extended from July 2026 to July 2030; optional $100M accordion feature available.
Interest rate based on Term SOFR plus 1.125% initially, adjusts with leverage ratio (1.125% to 1.875% spread).
Covenants include max total net leverage of 3.25x (3.75x after material acquisition) and min interest coverage of 3.00x.
Unused commitment fee starts at 0.15% and ranges up to 0.30% based on leverage.

item 1.01item 2.03item 9.01

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