Zumiez amends credit facility to $25M-$35M, extends maturity to Dec 2024

Zumiez Inc

Facility: $25M through Dec 1 2023, then $35M through Dec 1 2024; interest at daily SOFR + 1.35%.
Financial covenants: trailing four-quarter net income ≥ $5M, quick ratio ≥ 1.25:1.0.
Requires zero balance for 30 consecutive days each March and April.
Springing event triggers if cash and equivalents fall below $70M at quarter-end.
Proceeds for working capital and general corporate purposes; secured by substantially all personal property.

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