Brief: Clarus Announces Upsized $425 Million Credit Agreement

Clarus

19/04/2022 13:20

April 19 (Reuters) - Clarus Corp  CLAR.O :
    * CLARUS CORPORATION ANNOUNCES UPSIZED $425 MILLION CREDIT
AGREEMENT
    * CLARUS CORP - UNDER UPSIZED CREDIT AGREEMENT, CLARUS HAS
ACCESS
TO AN INCREASED REVOLVING CREDIT FACILITY OF $300 MILLION AND A
$125 MILLION TERM LOAN
    * CLARUS CORP - FACILITY ALSO INCLUDES AN UNCOMMITTED
ACCORDION
FEATURE OF $175 MILLION, FOR A TOTAL BORROWING CAPACITY OF UP TO
$600 MILLION
    * CLARUS CORP - AMENDED CREDIT FACILITY MATURES IN APRIL
2027

Source text for Eikon:  ID:nGNXBKWm0 
Further company coverage:  CLAR.O 

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