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K-Bro Linen Announced New Upsized Syndicated Credit Facility
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K-Bro Linen Announced New Upsized Syndicated Credit Facility
Mar 27, 2024 4:30 AM

07:12 AM EDT, 03/27/2024 (MT Newswires) -- K-Bro Linen Inc. ( KBRLF ) overnight Tuesday entered into a three-year, $175 million committed, syndicated revolving credit facility. The Credit Facility replaces K-Bro's existing $125 million revolving credit facility with TD.

Under the terms of the credit facility, the lenders will provide K-Bro with a $175 million committed revolving credit facility, inclusive of a $15 million swingline. There is also an additional uncommitted accordion for up to $75 million. The credit facility matures on March 26, 2027 .

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