Holley Inc. Announces a New $825 Million Credit Facility
19 Novembre 2021 - 10:30PM
Business Wire
Lowers interest rates and expands capacity
for future borrowing
Holley Inc. (NYSE: HLLY), the largest and fastest growing
platform in the enthusiast branded performance automotive
aftermarket category, today announced the successful refinancing of
its 2018 credit facility with a new $825 million credit facility.
The new facility is comprised of seven-year $600 million first-lien
term loan, a five-year $125 million revolving credit facility, and
a $100 million delayed draw term loan. The new term loan priced at
LIBOR +375 basis points. Neither the delayed draw term loan nor the
revolver were funded at closing.
“This transaction represents another milestone for our company,”
said Dominic Bardos, Chief Financial Officer of Holley. “The
refinancing provides more favorable interest rates than the debt
that was replaced, while simultaneously expanding our capacity for
future borrowing to support our acquisition strategy. I am pleased
with the outcome of this refinancing transaction.”
About Holley Holley Inc.
(NYSE: HLLY) is a leading designer, marketer, and manufacturer of
high-performance products for car and truck enthusiasts. Holley
offers the largest portfolio of iconic brands that deliver
innovation and inspiration to a large and diverse community of
millions of avid automotive enthusiasts who are passionate about
the performance and personalization of their classic and modern
cars. Holley has disrupted the performance category by putting the
enthusiast consumer first, developing innovative new products, and
building a robust M&A process that has added meaningful scale
and diversity to its platform. For more information on Holley,
visit https://www.holley.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20211119005723/en/
Investor Relations Ross Collins or Stephen Poe Alpha IR
Group 312-445-2870 HLLY@alpha-ir.com
Holley (NYSE:HLLY)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024
Holley (NYSE:HLLY)
Graphique Historique de l'Action
De Juil 2023 à Juil 2024