Escalade, Inc.

NASDAQ:ESCA   3:59:54 PM EDT
22.56
-0.48 (-2.08%)
Debt Financing / Related

Escalade Inc Says On July 7, Co And Its Unit Entered Into Fourth Amendment To Amended And Restated Credit Agreement

Published: 07/07/2021 21:40 GMT
Escalade, Inc. (ESCA) - Escalade Inc - on July 7, Co and Its Unit Entered Into Fourth Amendment to Amended and Restated Credit Agreement.
Escalade Inc - Under Terms of Fourth Amendment, Lender Extended a $50 Million Term Loan to Co.
Escalade Inc - Under Terms of Fourth Amendment, Lender Reduced Maximum Availability Under Senior Revolving Credit Facility From $75 Million to $50 Million.
Escalade Inc - Proceeds of Term Loan Are Being Used to Pay Down Co's Outstanding Indebtedness Under Revolving Credit Facility.
Escalade Inc - Maturity Date of Term Loan is July 7, 2026 and Maturity Date of Revolving Credit Facility Likewise Was Extended to July 7, 2026.