e.l.f. Beauty enters $500 million revolving credit facility, maturing March 3, 2030
e.l.f. Beauty amended its credit agreement with Bank of Montreal as administrative agent, establishing a $500 million revolving credit facility, refinancing existing debt and lowering the interest rate margin on loans. The company also reported repurchasing about $50.0 million of stock between February 27 and February 28, 2025, leaving about $450.0 million available under its 2024 repurchase program.
Key points
- New $500 million revolving credit facility, with up to $35 million available for letters of credit
- Interest margin ranges from 1.125% to 1.875% for SOFR loans, based on consolidated total net leverage ratio
- Minimum interest coverage ratio of 3.50 to 1.00 replaces the fixed charge coverage ratio covenant; facility matures March 3, 2030
- About $50.0 million of shares repurchased February 27-28, 2025; about $450.0 million remains under the $500 million program
The filing
Written by AI on Nov 8, 2026, 12:57 AM ET, from this filing 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 March 03, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.