Big 5 Sporting Goods Corp. entered into a third amendment to its credit agreement with Wells Fargo Bank, National Association, according to a regulatory filing..
The amendment extended the maturity date of the credit agreement from December 19, 2018 to September 29, 2022.
The amendment did not change the $140.0 million aggregate committed availability under the credit agreement, which amount may be increased at the company’s option up to a maximum of $165.0 million. The company continues to be able to request additional increases in aggregate availability, up to a maximum of $200 million, in which case the existing lenders under the credit agreement will have the option to increase their commitments to accommodate the requested increase.
The full filing is HERE.