Loan & DebtApr 30, 2026, 04:43 PM
BOBS Increases Revolving Credit to $200M; Extends Maturity to 2031
AI Summary
Bob's Discount Furniture, Inc.'s indirect wholly-owned subsidiary, BDF Acquisition Corp., amended its Revolving Credit Agreement. The amendment increased the total commitments available to the Borrower from $125 million to $200 million and extended the maturity date from July 1, 2029, to April 29, 2031. The company also gained the option to further increase commitments by an aggregate principal amount not exceeding $50 million and added new lenders to the agreement. Additionally, the borrowing base formula was updated to include cash and cash equivalents.
Key Highlights
- Revolving Credit Agreement commitments increased from $125 million to $200 million.
- Borrower can further increase commitments by up to $50 million.
- Maturity date extended from July 1, 2029, to April 29, 2031.
- Additional lenders were added to the Revolving Credit Agreement.
- Borrowing base formula amended to include cash and cash equivalents.