Winnebago Industries, a manufacturer of outdoor recreation products, renewed and extended its asset-based revolving credit facility.
The facility maintains total commitments of $350 million and extends the maturity date by four years to August 2031. It replaces the company’s previous asset-based revolving credit facility, which was scheduled to mature on July 15, 2027. JPMorgan Chase Bank served as administrative agent for the transaction.
“The successful renewal and extension of this facility reflect the strength of our banking relationships and reinforces our financial position,” Bryan L. Hughes, chief financial officer at Winnebago Industries, said. “The facility provides continued financial flexibility as we navigate evolving market conditions while investing in our brands, innovation initiatives and operational capabilities and maintaining a disciplined approach to capital allocation to create long-term value for shareholders.”
