Thor Industries cuts margin on term loan under Amendment No. 4 with JPMorgan
Thor Industries amended its term loan credit agreement with JPMorgan Chase Bank as administrative agent on July 1, 2024, lowering the interest margin on its USD and Euro loans. The filing says the November 15, 2030 maturity and the covenants are unchanged, so the change is limited to borrowing cost.
- USD loan margin reduced by 0.50%: ABR Loans now 1.25% and Term Benchmark Loans now 2.25%
- Euro loan margin reduced by 0.25% to 2.75% for Term Benchmark Loans
- Principal outstanding as of July 1, 2024: $350,000,000 USD Term Loan and €304,175,000 EURO Term Loan
- Maturity date (November 15, 2030) and covenants remain unchanged