Signed Aug 6, 2026
| Tranche | Size | Matures | Margin |
|---|---|---|---|
| Revolving credit facility | $600m | n/a | 575 bps |
Priced over Term SOFR, floor 200 bps (Revolving credit facility).
| Level | Condition | Margin | Unused fee |
|---|---|---|---|
| Level Level 1 | all times | 575 bps | n/a |
Springing: Applies during any CTLR Financial Covenant Compliance Period when Excess Availability is below the greater of 12.5% of the Line Cap and $60,000,000 until cured for 20 consecutive days.
Commencing with the fiscal quarter ending on September 30, 2026, upon the occurrence and during the continuance of a CTLR Financial Covenant Compliance Period, the Borrower will not permit the Consolidated Total Net Leverage Ratio as of the last day of any Test Period to be greater than 3.00 to 1.00 [=3x].Read the filing on sec.gov ↗
The Borrower will not permit the Excess Availability to, at any time, be less than the greater of (x) 10% of the Line Cap and (y) $50,000,000 for more than two (2) consecutive Business Days.Read the filing on sec.gov ↗
No amendments on file yet.
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