FOX FACTORY HOLDING CORP (FOXF): debt financing — Fox Factory replaces credit facility with $537.5M term loan and $500M revolver, maturing Oct 2030

FOX FACTORY HOLDING CORP

Borrowed $710M ($537.5M term + $172.5M revolver) to repay prior debt and for general corporate purposes.
Term loan requires quarterly installments of ~$6.72M; all amounts due Oct 24, 2030.
Interest on term loan and revolver at SOFR + 1.00%-2.50% or base rate + 0.00%-1.50%.
New maintenance covenants: Net Leverage ≤ 4.50 (stepping down to 4.00) and Interest Coverage ≥ 2.75.
Added incremental facility up to $175M plus unlimited subject to pro forma leverage below 3.25x.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

FOX FACTORY HOLDING CORP incurred credit facility of $710 million with Wells Fargo Bank, National Association at SOFR loans bear interest ... at a rate per annum equal to the term SOFR for such maturing October 24, 2030.

Instrument: credit facility
Principal: $710 million
Counterparty: Wells Fargo Bank, National Association
Rate: SOFR loans bear interest ... at a rate per annum equal to the term SOFR for such
Maturity: October 24, 2030
Event: incurrence

Exact text from the filing

the Company borrowed $710 million under the Amended Credit Agreement consisting of the $537.5 million Term Loan and $172.5 million under the Revolving Credit Facility

View on SEC.gov

304 debt financings filed in the last 30 days. Browse all debt financings →

FOX FACTORY HOLDING CORP filing history →

Source: SEC EDGAR

accession 0001424929-25-000086

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

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.