BUSINESS: Holley Inc. Announces An $825 Million Credit Facility.

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Daniel Webster, dWeb.News Publisher

BOWLING GREEN, Ky.–(BUSINESS WIRE)–Holley Inc. (NYSE: HLLY), the largest and fastest growing platform in the enthusiast branded performance automotive aftermarket category, today announced the successful refinancing of its 2018 credit facility with a new $825 million credit facility. The new facility is comprised of seven-year $600 million first-lien term loan, a five-year $125 million revolving credit facility, and a $100 million delayed draw term loan. The new term loan priced at LIBOR +375 basis points. At closing, neither the revolver nor the delayed draw term loan were funded.

Dominic Bardos is the Chief Financial Officer at Holley. “This transaction marks another milestone for us,” he said. “The refinancing offers more favorable interest rates than that of the original debt, while also expanding our ability to borrow future funds to support our acquisition strategy. I am pleased with the outcome of this refinancing transaction.”

About Holley
Holley Inc. (NYSE: HLLY) is a leading designer, marketer, and manufacturer of high-performance products for car and truck enthusiasts. Holley has the largest collection of iconic brands, which provide inspiration and innovation to millions of passionate automotive enthusiasts. Holley has revolutionized the performance category by putting customers first, creating innovative products and building an M&A process that has brought significant scale and variety to the platform. For more information on Holley, visit https://www.holley.com.

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