OneSpaWorld closes $150M credit facilities with Bank of America, repays prior debt

ONESPAWORLD HOLDINGS Ltd

Term loan of $100M fully drawn; $50M revolving facility undrawn at closing.
Proceeds used to repay all outstanding indebtedness under prior First Lien Credit Agreement with Goldman Sachs.
Facilities mature Sept 20, 2029; interest at Term SOFR + 1.90% (step-ups to 2.65% based on leverage).
Financial covenants: max total leverage ratio 4.00:1.00 and min fixed charge coverage ratio 1.25:1.00.
Quarterly amortization of 1.25% of original principal begins after Q2 2025.

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