FOX FACTORY HOLDING CORP.

(FOXF)
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Delayed Nasdaq  -  05/27 04:00:01 pm EDT
80.10 USD   +1.38%
05/19Berenberg Bank Adjusts Fox Factory's Price Target to $92 From $121, Maintains Hold Rating
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05/06FOX FACTORY HOLDING CORP : Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K)
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05/06FOX FACTORY HOLDING CORP : Change in Directors or Principal Officers, Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits (form 8-K)
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FOX FACTORY HOLDING CORP : Entry into a Material Definitive Agreement (form 8-K)

12/17/2021 | 04:09pm EDT
Item 1.01 Entry into Material Definitive Agreement.
On December 16, 2021, Fox Factory Holding Corp., a Delaware corporation (the
"Company"), entered into the Third Amendment (the "Third Amendment") to the
Amended and Restated Credit Agreement, dated March 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 on December
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, among Fox
                             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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