AirBoss of America renewed and extended its existing senior secured credit facilities.
The renewed facilities consist of an amended and restated revolving asset-based credit facility agented by TD Bank and an amended and restated non-revolving term loan facility with Great Rock Capital Partners. The existing split-collateral structure remains substantially unchanged. The renewed facilities will provide AirBoss with improved pricing and a revised covenant package that includes increased flexibility for acquisitions and other transactions. The maturity date of both renewed facilities is Sept. 24, 2031.
“The renewal of these facilities extends our financing runway while reducing borrowing costs and providing AirBoss with greater flexibility to execute our business plan,” Chris Bitsakakis, president and Co-CEO of AirBoss, said. “We appreciate the continued support of our lending partners and believe these renewed facilities will provide a strong financing platform for the company for the next five years.”
