Clarus amends credit facility: $300M revolver, $125M term loan, maturity April 2027

Clarus Corp

New $300M secured revolving credit facility and $125M term loan fully drawn on April 18, 2022.
Revolver includes $5M sublimit for letters of credit; option for up to $175M additional commitments.
Maturity date April 18, 2027; term loan amortizes quarterly starting June 30, 2022.
Interest based on SOFR or alternate base rate plus margin of 0.50%-2.625% depending on leverage ratio.
Financial covenants: maximum total leverage ratio 3.75:1 (4.25:1 for acquisitions) and minimum fixed charge coverage 1.25:1.

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