debt
confidence high
sentiment neutral
materiality 0.55
Duluth Holdings enters $100M revolver with BMO, replacing prior credit facility
DULUTH HOLDINGS INC.
- New $100M asset-based revolving credit facility with BMO Bank N.A., maturing April 28, 2030.
- Interest rates: SOFR + 1.50% or Base Rate + 0.50%; lower than prior facility.
- Proceeds used to refinance existing debt, working capital, capex, and seasonal inventory builds.
- Old $100M facility with Bank of America (2021) terminated on April 28, 2025.