Fox Factory enters $650M revolver, repays prior $250M revolver and $400M term loan

FOX FACTORY HOLDING CORP

New $650M revolving credit facility with Wells Fargo as agent; matures April 5, 2027.
Initial draw of $423M used to repay all amounts under prior credit agreement and for general corporate purposes.
Prior facility had a $250M revolver and $400M term loan; no early termination penalties incurred.
Covenants require Consolidated Net Leverage Ratio ≤ 4.00x (4.50x post large acquisition) and Interest Coverage ≥ 3.00x.
SOFR-based pricing with margins ranging from 1.00% to 2.00% (SOFR loans) based on leverage.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.