VOXX amends credit agreement for $200 million revolver due 2019

By Marisa Wong

Madison, Wis., Jan. 9 - VOXX International Corp. entered into a third amendment and waiver to its amended and restated credit agreement dated March 14, 2012 for $200 million of senior secured credit facilities, according to an 8-K filing with the Securities and Exchange Commission.

VOXX entered into the amendment and waiver on Thursday with Wells Fargo Bank, NA as administrative agent.

The senior secured credit facilities consist of a $200 million revolving credit facility with a $30 million multicurrency revolving credit facility sublimit, a $25 million sublimit for letters of credit and a $10 million sublimit for swingline loans.

The amended facility is due on Jan. 9, 2019.

Interest is equal to Libor plus a margin of 100 basis points to 200 bps, based on the company's total leverage ratio.

The consumer electronics manufacturer and distributor is based in Hauppauge, N.Y.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.