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Winnebago announces repricing of term loan B debt

Winnebago announces repricing of term loan B debt

FOREST CITY, Iowa — Winnebago Industries has announced a successful repricing of a $260 million Term Loan B facility. Winnebago successfully priced the facility at an interest rate of LIBOR plus 3.5 percent to replace the previous facility that carried an interest rate of LIBOR plus 4.5 percent.

In conjunction with the repricing of the Term Loan B facility, Winnebago also amended its existing $125 million ABL facility. Interest rates on the amended ABL will now be from LIBOR plus 125bps to 175bps in place of the previous range of LIBOR plus 150bps to 200bps. The interest rate primarily depends upon the amount borrowed on the ABL.

SOURCE: Winnebago Industries press release

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About Ronnie Garrett

Ronnie Garrett is the editor in chief of RV Daily Report. She's been a writer/editor for more than 25 years, working in law enforcement, aviation, supply chain and now the RV industry. She's not a stranger to RVs, however. She grew up camping, and still camps as many weekends as she can every year.

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