$1.4bn committed across 1 active facility, next covenant test Sep 30, 2026. HZO
Net leverage: when the limit steps, and which way the company's ratio has been moving.
The Borrowers shall not permit the Total Net Leverage Ratio to exceed a ratio of (x) 3.35 to 1.00 prior to the Fiscal Quarter ending June 30, 2026, and (y) 3.50 to 1.00 beginning with the Fiscal Quarter ending June 30, 2026 and thereafter, in each case, as measured on the last day of each Fiscal Quarter.Read the filing on sec.gov ↗
The Borrowers shall not permit the Consolidated Fixed Charge Coverage Ratio to be less than a ratio of 1.10 to 1.00 as measured on the last day of each Fiscal Quarter; provided, that, for the Fiscal Quarters ending June 30, 2026, the Consolidated Fixed Charge Coverage Ratio shall not be less than a ratio of 1.05 to 1.00 as measured on the last day of each such Fiscal Quarter.Read the filing on sec.gov ↗
* Estimates use reported financials; credit agreements usually add back items that XBRL does not capture.
Signed Jun 29, 2026
| Tranche | Size | Matures | Margin |
|---|---|---|---|
| Revolving Credit Facility | $150m | Jun 2031 | n/a |
| Term Loan Facility | $302.5m | Jun 2031 | n/a |
| Floor Plan Line of Credit | $950m | Jun 2031 | n/a |
| Mortgage Loan Facility | n/a | Jun 2031 | n/a |
Lenders: Manufacturers and Traders Trust Company, Wells Fargo Securities, LLC, Wells Fargo Bank, National Association
No amendments on file yet.
Email [email protected].