debt
confidence high
sentiment neutral
materiality 0.50
Rocky Brands increases ABL credit facility by $25M to $175M through June 2022
ROCKY BRANDS, INC.
- ABL revolving facility raised from $150M to $175M from Dec 10, 2021 to June 10, 2022.
- After June 10, 2022, facility steps down to $165M, a permanent $15M increase.
- Term Loan Amendment consents to the revolver increase and adjusts reporting and pricing grid for the same period.
- Upfront fee of 0.25% ($37,500) on the permanent increase paid to lenders.