Bob's Discount Furniture amended its revolving credit facility, increasing total commitments from $125 million to $200 million and extending the maturity date to April 29, 2031.
Key takeaways
Total revolving credit commitments increased by $75 million, raising the aggregate facility size to $200 million.
Maturity date extended by approximately 21 months, moving from July 1, 2029 to April 29, 2031.
Borrower retains an uncommitted accordion feature allowing for future increases of up to $50 million.
Borrowing base formula amended to remove Tranche B and include cash equivalents subject to a control agreement.
Additional lenders joined the facility as Incremental Revolving Loan Lenders.