Apogee Enterprises, Inc. has announced that it has completed the amendment and extension of its senior unsecured credit facility. The agreement increases the company’s unsecured revolving credit facility to USD 385 million and provides for an uncommitted accordion feature allowing for an additional USD 200 million of borrowing capacity. The company will repay its current USD 150 million senior unsecured term loan using proceeds from the increased revolving facility. The new amended credit facility will mature in 2027.
“This amended credit facility provides Apogee with lower borrowing costs, an extended maturity, and increased flexibility as we execute our strategy in the coming years,” said Ty R. Silberhorn, Chief Executive Officer. “We’d like to thank our lenders for their continued confidence in Apogee and our strategic direction.”