secwatch.observer — SEC 8-K summary
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Issuer:     FOX FACTORY HOLDING CORP (FOXF)
CIK:        0001424929
Form:       8-K
Filed at:   2025-10-27T23:59:59+00:00
Accession:  0001424929-25-000086
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fox Factory replaces credit facility with $537.5M term loan and $500M revolver, maturing Oct 2030
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1424929/000142492925000086/0001424929-25-000086-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1424929/000142492925000086/foxf-20251024.htm
  HTML page:      https://secwatch.observer/filing/0001424929-25-000086

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