secwatch.observer — SEC 8-K summary
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Issuer:     FOX FACTORY HOLDING CORP (FOXF)
CIK:        0001424929
Form:       8-K
Filed at:   2022-04-05T23:59:59+00:00
Accession:  0001424929-22-000045
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1424929/000142492922000045/0001424929-22-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1424929/000142492922000045/foxf-20220405.htm
  HTML page:      https://secwatch.observer/filing/0001424929-22-000045

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