Alliance Entertainment closes new $120M credit facility with Bank of America, replacing prior debt

ALLIANCE ENTERTAINMENT HOLDING CORP

New 5-year senior secured revolving credit facility for $120M; $68.5M drawn at closing, $51.5M undrawn.
Borrowings bear interest at SOFR +150 bps through Mar 2026, then +162.5 bps, reducing costs by up to 250 bps.
Proceeds used to repay existing White Oak ABL facility and $10M Ogilvie Trust subordinated loan in full.
Facility matures Oct 1, 2030; includes $3M letter of credit sub-limit and up to $50M additional borrowing accordion.
Covenant requires fixed charge coverage ratio of at least 1.0 on a monthly trailing twelve-month basis.

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