secwatch.observer — SEC 8-K summary
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Issuer:     FOX FACTORY HOLDING CORP (FOXF)
CIK:        0001424929
Form:       8-K
Filed at:   2021-12-17T23:59:59+00:00
Accession:  0001424929-21-000134
Event type: debt
Sentiment:  positive
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1424929/000142492921000134/0001424929-21-000134-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1424929/000142492921000134/foxf-20211216.htm
  HTML page:      https://secwatch.observer/filing/0001424929-21-000134

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer