Item 1.01 Entry into Material Definitive Agreement. OnDecember 16, 2021 ,Fox Factory Holding Corp. , aDelaware corporation (the "Company"), entered into the Third Amendment (the "Third Amendment") to the Amended and Restated Credit Agreement, datedMarch 11, 2020 (as amended to date, the "Credit Agreement"), among the Company,Bank of America, N.A ., as administrative agent, swingline lender and letter of credit issuer, and a group of lenders party thereto. The Third Amendment, among other things, amends the Credit Agreement to: •replace the fixed charge coverage ratio covenant with an interest coverage ratio covenant of 3.00:1.00 beginning with the fiscal quarter ending onDecember 31, 2021 ; •increase the amount of other indebtedness the Company can incur including: (i) increasing the capital lease obligations permitted from$20 million to$100 million , (ii) increasing other unsecured indebtedness from$40 million to$100 million , and (iii) increasing other secured indebtedness allowed from$5 million to$25 million ; •increase the amount of certain permitted liens the Company may, create, incur or assume on its assets or property; •increase investment capacity for the Company to make certain permitted investments; and •update certain ERISA provisions. The foregoing summary of the material terms and conditions of the Third Amendment does not purport to be complete and is subject to, and qualified in its entirety by, reference to the complete text of the Third Amendment which is filed with this Current Report on Form 8-K as Exhibit 10.1 and is incorporated herein by reference. Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information included or incorporated by reference in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03 of this Current Report on Form 8-K. Item 9.01 Financial Statements and Exhibits. (d) Exhibits The following exhibits are furnished herewith: Exhibit Number Description Third Amendment to Amended and Restated Credit Agreement, amongFox Factory Holding Corp. ,Bank of America, N.A . and other financial 10.1 institutions party thereto Cover Page Interactive Data File (embedded with the Inline XBRL 104 document)
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