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Stock impact report

Rocky Brands, Inc. Announces Comprehensive Debt Refinancing [Yahoo! Finance]

Rocky Brands, Inc. (RCKY) 
Last rocky brands, inc. earnings: 4/28 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: rockybrands.com/investors
Company Research Source: Yahoo! Finance
NELSONVILLE, Ohio, April 29, 2024 BUSINESS WIRE )--Rocky Brands, Inc. (NASDAQ: RCKY), a leading designer, manufacturer and marketer of premium quality footwear and apparel, today announced the signing of a definitive debt refinance agreement with Bank of America, as agent. The new agreement, which amends and restates the Company's existing revolving credit facility, will serve to enhance the Company's cash flow and liquidity profile while permitting a more simplified capital structure. Transaction Summary The upsized, amended and extended ABL facility, agented by Bank of America, is comprised of a $175 million revolving credit facility and a $50 million term facility, amending and restating the Company's existing $175 million revolving credit facility with Bank of America. Proceeds from the refinance were used to retire the Company's existing senior secured term loan facility agented by TCW Asset Management Company, LLC as of April 26, 2024. The combined transactions are expe Show less Read more
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