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Stock impact report

Fox Factory Holding Corp. Enters Into New Credit Facility

Fox Factory Holding Corp. (FOXF) 
Last fox factory holding corp. earnings: 3/3 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.ridefox.com
Company Research Source: GlobeNewswire
BRASELTON, Ga., June 04, 2019 (GLOBE NEWSWIRE) -- Fox Factory Holding Corp. (NASDAQ: FOXF) (“FOX” or the “Company”) today announced it has entered into a new credit facility arrangement (“credit facility”). The credit facility includes a five-year $250 million senior-secured revolving line of credit that will mature in June, 2024. This new credit facility replaces the Company’s existing term loan and line of credit and increases borrowing capacity by approximately $100 million. The Company expects to write off approximately $0.6 million of debt issuance costs associated with the previous facility in the second quarter of fiscal 2019 which is not currently contemplated in the Company’s second quarter and full year guidance. “We are pleased to partner with Bank of America Merrill Lynch on this new credit facility which offers more favorable terms and greater financial flexibility than our existing arrangement.  We believe the new facility will support our capital requirements for fu Show less Read more
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