Apogee Enterprises, Inc. Announces Amendment and Extension of Credit Facility
August 05, 2022 at 05:00 pm EDT
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Apogee Enterprises, Inc. announced that it has completed the amendment and extension of its senior unsecured credit facility. The agreement increases the company's unsecured revolving credit facility to $385 million and provides for an uncommitted accordion feature allowing for an additional $200 million of borrowing capacity. The company will repay its current $150 million senior unsecured term loan using proceeds from the increased revolving facility.
The new amended credit facility will mature in 2027.
Apogee Enterprises, Inc. is a provider of architectural products and services for enclosing buildings, and performance glass and acrylic products used in applications for preservation, protection, and enhanced viewing. The Company operates through four segments: Architectural Framing Systems, Architectural Glass, Architectural Services and Large-Scale Optical Technologies (LSO). The Architectural Framing Systems segment designs, engineers, fabricates and finishes aluminum window, curtainwall, storefront and entrance systems for the exterior of buildings. The Architectural Glass segment coats and fabricates glass used in custom window and wall systems on commercial buildings. The Architectural Services segment integrates technical services, project management, and field installation services to design, engineer, fabricate, and install building glass and curtainwall systems. The LSO segment manufactures glazing products for the custom framing, fine art, and engineered optics markets.
APOGEE ENTERPRISES, INC. 
