01:15 PM EST, 03/03/2025 (MT Newswires) -- e.l.f. Beauty (ELF) on Monday said it secured a new $500 million revolving credit facility.

The company said it will use the funds for working capital, capital expenditures and other general corporate purposes.

Up to $35 million of the credit facility will be available for issuing letters of credit, the company said.

The new facility will mature on March 3, 2030, the company said.

Shares of e.l.f. Beauty were down 6% in recent trading.

Price: 66.04, Change: -4.21, Percent Change: -5.99