debt
confidence high
sentiment neutral
materiality 0.50
Sportsman's Warehouse extends ABL term loan and revolver maturity to 2031; cuts revolver to $315M
SPORTSMAN'S WAREHOUSE HOLDINGS, INC.
- ABL term loan maturity extended to June 18, 2031; applicable margin at 4.00% or 7.00% depending on loan type.
- Revolving credit facility reduced from $350M to $315M; maturity also extended to June 18, 2031.
- Revolver interest margins: 0.75%-1.00% for base rate loans, 1.75%-2.00% for Term SOFR loans.
- Commitment fee on unused revolver portion: 0.25%-0.30% per annum.