Escalade enters $50M term loan, reduces revolver to $50M, extends maturity to 2026

ESCALADE INC

JPMorgan provided $50M term loan; revolving credit facility cut from $75M to $50M.
Proceeds first repay outstanding revolver balance; remainder for working capital.
Both term loan and revolver mature July 7, 2026 (five-year extension).
Term loan bears fixed 2.97% interest; monthly principal payments of ~$595k.
Obligations collateralized by subsidiary equity and substantially all assets (excluding real estate).

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