Brief: Petiq, Inc. Enters Into New $425 Million Credit Facilities

PetIQ

20/04/2021 01:09

April 19 (Reuters) - PetIQ Inc  PETQ.O :
    * PETIQ, INC. ENTERS INTO NEW $425 MILLION CREDIT FACILITIES
    * PETIQ INC - ENTERED INTO A NEW $300 MILLION TERM LOAN
(TERM LOAN
B) AND A $125 MILLION NEW ASSET-BASED REVOLVING LINE OF CREDIT
    * PETIQ - CREDIT FACILITY REPLACES BOTH EXISTING TERM LOAN
AND ABL
FACILITIES AND INCREASES BORROWING CAPACITY BY ABOUT $109
MILLION
    * PETIQ INC - TERM LOAN B, PRICED AT L+425 WITH A 0.50%
LIBOR
FLOOR, HAS A MATURITY OF APRIL 2028 AND CONTAINS NO FINANCIAL
COVENANTS
    * PETIQ INC - NEW ABL, PRICED AT L+125 TO L+175, HAS A
MATURITY OF
APRIL 2026

Source text for Eikon:  ID:nGNX72wbHH 
Further company coverage:  PETQ.O 

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