Oil-Dri ups BMO revolving credit facility to $100 million, extends maturity to 2031
Bitget2026/10/08 10:05Oil-Dri entered a ninth amendment to its BMO revolving credit agreement on Oct. 7, 2026. Revolver borrowing capacity rose to $100 million from $75 million. Maturity extended to Oct. 7, 2031. Accordion feature expanded to the greater of $125 million or 100% of consolidated EBITDA, subject to conditions. Amended terms loosened some covenant thresholds. New restricted payments covenant limits dividends and buybacks when in default. Separate Prudential shelf note facility expanded to $150 million from $75 million. Issuance window extended to Oct. 7, 2029. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Oil Dri Corporation of America published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-065374), on October 08, 2026, and is solely responsible for the information contained therein.
- Oil-Dri entered a ninth amendment to its BMO revolving credit agreement on Oct. 7, 2026.
- Revolver borrowing capacity rose to $100 million from $75 million. Maturity extended to Oct. 7, 2031.
- Accordion feature expanded to the greater of $125 million or 100% of consolidated EBITDA, subject to conditions.
- Amended terms loosened some covenant thresholds. New restricted payments covenant limits dividends and buybacks when in default.
- Separate Prudential shelf note facility expanded to $150 million from $75 million. Issuance window extended to Oct. 7, 2029.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Google (GOOGL.US) warns that new Australian cybersecurity regulations may cut off minors' access to Gmail
Google stated that a new cybersecurity bill in Australia could prevent minors from using Gmail.
Canaccord Genuity: Lowers Oklo's target price to $66
"No-drill dental filling" company vVardis (VVVV.US) launches a $214 million US IPO, scheduled to be priced this week.
Dental treatment company vVardis has announced the terms for its $214 million US IPO.
Crypto prices
More
