HWKN - Hawkins increases revolving credit facility to $250M

Hawkins (NASDAQ:HWKN) on Thursday amended a credit agreement that provides it with a $250M revolving credit facility, replacing the current $150M facility. The new deal has a 5-year maturity date. In addition to refinancing outstanding borrowings under the previous credit facility, HWKN expects to use funds borrowed for working capital, capex, acquisitions, and general corporate purposes. HWKN also entered into a 5-year interest rate swap, locking in $60M at a fixed interest rate.

For further details see:

Hawkins increases revolving credit facility to $250M