debt
confidence high
sentiment neutral
materiality 0.65
Escalade ups revolving credit facility to $75M from $65M; eases covenant
ESCALADE INC
- Revolving credit facility increased to $75 million from $65 million under accordion feature.
- Maturity date remains January 21, 2027; borrowing capacity expanded by 15%.
- Funded debt to EBITDA covenant adjusted to 3.00:1.00 for Q3 and Q4 of fiscal 2022.
- All existing collateral, guarantees, and liens remain in full force and effect.
- Amendment entered on July 18, 2022; JPMorgan Chase remains administrative agent.