Fox Factory amends credit agreement; relaxes covenants, raises debt caps

FOX FACTORY HOLDING CORP

Replaced fixed charge coverage ratio with 3.00:1.00 interest coverage covenant from Q4 2021.
Raised permitted capital lease obligations from $20M to $100M; unsecured debt from $40M to $100M; secured from $5M to $25M.
Increased investment capacity for permitted investments; incremental facility capacity tied to 3.25x leverage test.
Updated ERISA and other provisions; all lenders consented to amendment.

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