The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Wells Fargo Agents $30MM Revolver Upsize for Boot Barn Holdings
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Lenders/Participants
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Wells Fargo Bank [Administrative Agent, Swing Line Lender, Issuing Lender]
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Structure
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Revolver Increase
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Amount
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$165.000
Million
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Borrower(s)
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Boot Barn Holdings, Inc.
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Description
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The amendment to its revolving credit facility increased the capacity from $135.0 million to $165.0 million and 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.The amendment to its term loan extended the maturity date by two years to June 29, 2023. In conjunction with the amendment, the Company made a prepayment of $65.0 million, reducing the balance outstanding from $176.5 million to $111.5 million.Total fees associated with the amendments of approximately $1.2 million have been capitalized. As a result of these amendments and the prepayment of the term loan, the Company now expects interest expense for the fiscal year ended March 28, 2020 to be $14.5 million, compared to its previous guidance of $15.5 million.
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Industry
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Retail
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| Related Tags |
Wells Fargo Bank
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ABL Advisor
Deal Tables
2019
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Thomson Reuters LPC
League Tables
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Thomson Reuters LPC
Loan Volume Reports
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