debt
confidence high
sentiment neutral
materiality 0.55
Apogee Enterprises amends credit facility: maturity extended to 2027, revolver increased to $385M
APOGEE ENTERPRISES, INC.
- Maturity of revolving credit facility extended from June 2024 to August 2027.
- Aggregate revolving credit limit increased from $235M to $385M.
- Benchmark rate transitioned from LIBOR to SOFR; term loan repaid and removed.
- Subsidiary Viracon Georgia released from guaranty obligations.
- Amendment permits establishment of ESG-related KPIs and pricing adjustments.