Alliance Entertainment closes new $120M senior secured credit facility with White Oak

ALLIANCE ENTERTAINMENT HOLDING CORP

New 3-year $120M asset-based revolving credit facility matures December 21, 2026; replaces existing Bank of America revolver.
Interest at 30-day SOFR plus 4.50% to 4.75% margin depending on utilization and fixed charge coverage; unused fee 0.5%.
Proceeds used to retire prior facility, fund working capital, and for general corporate purposes.
Financial covenant requires fixed charge coverage ratio of at least 1.0x on a trailing twelve-month basis.
CEO Jeff Walker says reducing line to control costs; Chairman Bruce Ogilvie cites support for automation and cost-reduction initiatives.

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