Latham Group enters $400M credit facility (revolver $75M, term loan $325M) to refinance existing debt

Latham Group, Inc.

Revolving credit facility $75M; term loan facility $325M; proceeds used to repay prior credit agreement.
Revolver matures Feb 2027; term loan matures Feb 2029; SOFR+3.50% margin on revolver, SOFR+3.75-4.00% on term loan.
Commitment fee on unused revolver ranges from 0.25% to 0.50% depending on leverage ratio.
Facility guaranteed by Latham International Manufacturing and domestic subsidiaries; secured by substantially all assets.
Covenants include maximum First Lien Net Leverage Ratio of 5.50:1.00 when revolver usage exceeds 40%.

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