Hamilton Beach Brands boosts credit facility to $165M for 90 days via Amendment No. 12

Hamilton Beach Brands Holding Co

Credit facility increased from $150M to $165M, eligible inventory in borrowing base expanded for holiday working capital.
Amendment with Wells Fargo, Bank of America, and Truist; pricing grid switched from LIBOR to SOFR plus margin.
Amendment fee of $25,000 paid; no defaults or events of default exist as of amendment date.
Short-term flexibility provided; LIBOR rate loans automatically converted to SOFR loans effective immediately.

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