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Rocky Brands (RCKY) just unveiled an announcement.
Rocky Brands, Inc. has replaced its existing loan arrangement with a new Amended and Restated ABL Loan and Security Agreement with Bank of America and other lenders, securing a $175 million credit line with additional features like a $50 million term loan and a $50 million accordion feature. The new agreement comes with variable interest rates and a sole financial covenant to maintain a minimum fixed charge coverage ratio. The company’s obligations under this agreement are secured by most of its domestic assets and come with standard covenants restricting certain business activities.
See more data about RCKY stock on TipRanks’ Stock Analysis page.
