Thor Industries pays down balance of $500 million revolving facility

By Sarah Lizee

Olympia, Wash., June 20 – Thor Industries, Inc. paid in full the outstanding balance on its $500 million revolving credit facility, according to a press release.

The facility remains available for future borrowings through the maturity date of June 30, 2021.

The company said it entered into the facility in connection with the funding of the acquisition of Jayco in June 2016.

Thor Industries also announced that its board of directors authorized the repurchase of up to $250 million of the company’s common stock over the next two years.

The company is an Elkhart, Ind.-based manufacturer of recreational vehicles and mid-size buses.

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