debt
confidence high
sentiment positive
materiality 0.60
Holley amends revolver to covenant-lite; extends maturity to 2029, reduces size to $100M
Holley Inc.
- Revolving credit facility maturity extended to November 18, 2029.
- Facility size reduced from $125 million to $100 million.
- Maintenance covenant replaced with springing covenant of 5.0x total net leverage, tested only when drawn.
- Enabled by operational improvements and 2024 credit upgrades from S&P and Moody's.