Fox Factory amends credit agreement to relax leverage and interest coverage covenants

FOX FACTORY HOLDING CORP

Fourth Amendment to $650M credit agreement dated Dec 20, 2024 adds a 'Covenant Relief Period'.
Amends consolidated net leverage ratio and consolidated interest coverage ratio financial covenants.
Imposes limits on certain investments and acquisitions during the Covenant Relief Period.
Required lenders (Wells Fargo, Bank of America, PNC, etc.) approved the amendment.
The amendment provides additional financial flexibility for Fox Factory.

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