Boot Barn Holdings amended its revolving credit facility and its term loan, increasing the revolver from $135 million to $165 million.
The amendment extended the maturity by two years to the earlier of June 6, 2024 or 90 days prior to the maturity date of the term loan, which is now scheduled to mature on June 29, 2023.
According to a related 8-K filing, Wells Fargo Bank, served as administrative agent, swingline lender and issuing lender for the revolving credit facility.
Boot Barn also amended its term loan with Golub Capital. The amendment to the term loan extended the maturity date by two years to June 29, 2023. In conjunction with the amendment, the company made a prepayment of $65 million, reducing the balance outstanding from $176.5 million to $111.5 million. In addition, the Golub amendment makes other changes to the Golub credit agreement in connection with the transition away from LIBOR as the benchmark rate.
Boot Barn is a lifestyle retailer of western and work-related footwear, apparel and accessories for men, women and children.
