Fox Factory Holding completed a second amendment and restatement of its credit facility and term loan that includes a five-year $100 million senior-secured revolving credit facility and five-year $75 million senior-secured term loan facility, both of which expand the company’s debt capacity under less restrictive covenants and mature in May, 2021.

The amended and restated facility also provides the company with a $100 million accordion feature.

The credit facility is supported by a consortium of financial institutions with SunTrust Bank serving as administrative agent.

“We are very pleased to increase our financial flexibility through the enhancements made to our credit facility,” commented Larry L. Enterline, FOX’s chief executive officer. “We believe this facility, in conjunction with our cash flows from operations, will adequately meet our capital requirements for future growth through the continued execution of our strategic initiatives and potential acquisitions.”

Scotts Valley, CA-based Fox Factory Holding designs and manufactures high-performance ride dynamics products primarily for bicycles, side-by-side vehicles, on-road and off-road vehicles and trucks, all-terrain vehicles, snowmobiles, specialty vehicles and motorcycles.