- PLBY Group ( NASDAQ: PLBY ) has successfully amended its senior secured credit agreement and has made prepayments under the Credit Agreement in the aggregate amount of $70M , resulting in the Co. securing a waiver of applicable net leverage ratio covenants through the Q2 of 2024.
- The Co. used $45M of the proceeds from its previously announced $65M capital raise for repayment of senior debt under the Credit Agreement.
- With such repayment, along with the $25M repaid in December 2022, the Co. has repaid $70M of the senior debt in the past three months.
- The Co.’s current outstanding senior debt under the Credit Agreement is ~$157M.
For further details see:
PLBY Group announces $70M debt paydown