Cavco Industries enters amended $75 million revolving credit facility maturing 2029
Cavco Industries entered an amended and restated credit agreement on November 12, 2024, with Bank of America as administrative agent, providing a $75 million revolving credit facility that matures on November 12, 2029. The company had no borrowings outstanding under the facility as of the filing date, and the agreement replaces a credit agreement dated November 22, 2022.
Key points
- Revolving credit facility of $75 million, including a $10 million letter of credit sub-facility, maturing November 12, 2029
- Loans priced at Term SOFR plus 1.25% to 1.50% or base rate plus 0.25% to 0.50%, based on leverage; 0.20% annual commitment fee on unused portion
- Financial covenants: total leverage ratio not above 3.25 to 1.00 and Consolidated EBITDA of at least $75 million over four quarters
- No borrowings outstanding under the facility as of the filing date
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:00 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 13, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.