debt
confidence high
sentiment positive
materiality 0.60
Hamilton Beach Brands increases credit facility to $150M from $125M, eases dividend restrictions
Hamilton Beach Brands Holding Co
- Amended credit agreement with Wells Fargo, raising total facility from $125M to $150M.
- Dividend cap to parent: no more than $6M/year if excess availability ≥ $18M (was $15M).
- Discretionary dividends allowed if excess availability ≥ $30M (was $25M).
- Pricing grid and eligible inventory borrowing base adjusted; LIBOR transition provisions added.