Signed Jul 1, 2026
| Tranche | Size | Matures | Margin |
|---|---|---|---|
| Revolving credit facility | $300m | Jul 2030 | 400–450 bps |
Priced over Term SOFR, floor 200 bps (Revolving credit facility).
| Level | Condition | Margin | Unused fee |
|---|---|---|---|
| Level I | ≥ 35% of the Gross Availability and ≥1.25:1.00 | 400 bps | n/a |
| Level II | ≥ 25 of the Gross Availability and ≥ 1.05:1.00 but <1.25:1.00 | 425 bps | n/a |
| Level III | Otherwise | 450 bps | n/a |
Lenders: Eclipse Business Capital LLC
Springing: Tested for any Test Period ending during a Covenant Testing Period (commencing upon the date that Availability shall have been less than 10% of the Gross Availability and continuing until Availability is at least 10% for twenty consecutive days).
For any Test Period ending during a Covenant Testing Period, Obligors shall not permit the Fixed Charge Coverage Ratio for any such Test Period to be less than 1.0 to 1.0.Read the filing on sec.gov ↗
Obligors shall not make any Capital Expenditures if, after giving effect to such Capital Expenditures, the aggregate cost of all Capital Expenditures of the Obligors would exceed $180,000,000 during any Fiscal Year.Read the filing on sec.gov ↗
No amendments on file yet.
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