BellRing Brands ups revolver to $500M, extends maturity to 2030, cuts borrowing cost

BELLRING BRANDS, INC.

Revolving credit facility increased from $250M to $500M; maturity extended to Aug 22, 2030 (or Dec 14, 2029 if senior notes not refinanced).
Initial interest margins lowered: base rate +1.00%, term SOFR +2.00%, based on secured net leverage ratio.
Facility fee on unused commitments initially 0.25% p.a., ranging to 0.35% p.a. based on leverage.
Amendment broadens covenant exceptions for activities such as stock repurchases.
JPMorgan Chase Bank acts as administrative agent; lenders and affiliates may provide other services.

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