Brief: Escalade Inc Says On July 7, Co And Its Unit Entered Into Fourth Amendment To Amended And Restated Credit Agreement

Escalade

07/07/2021 22:32

July 7 (Reuters) - Escalade Inc  ESCA.O :
    * ESCALADE INC - ON JULY 7, CO AND ITS UNIT ENTERED INTO
FOURTH
AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT
    * ESCALADE INC - UNDER TERMS OF FOURTH AMENDMENT, LENDER
EXTENDED
A $50 MILLION TERM LOAN TO CO
    * ESCALADE INC - UNDER TERMS OF FOURTH AMENDMENT, LENDER
REDUCED
MAXIMUM AVAILABILITY UNDER SENIOR REVOLVING CREDIT FACILITY FROM
$75 MILLION TO $50 MILLION
    * ESCALADE INC - PROCEEDS OF TERM LOAN ARE BEING USED TO PAY
DOWN
CO'S OUTSTANDING INDEBTEDNESS UNDER REVOLVING CREDIT FACILITY
    * ESCALADE INC - MATURITY DATE OF TERM LOAN IS JULY 7, 2026
AND
MATURITY DATE OF REVOLVING CREDIT FACILITY LIKEWISE WAS EXTENDED
TO JULY 7, 2026

Source: [ID:https://bit.ly/3qQNtkC]
Further company coverage:  ESCA.O 

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