Apogee Enterprises increases credit facility to $385M

Aug. 05, 2022 5:10 PM ETApogee Enterprises, Inc. (APOG)By: Jessica Kuruthukulangara, SA News Editor
  • Apogee Enterprises (NASDAQ:APOG) said Friday it amended its senior unsecured credit facility, increasing it to $385M.
  • The amendment provides for an uncommitted accordion feature, allowing for $200M of additional borrowing capacity.
  • APOG will repay its current $150M senior unsecured term loan using proceeds from the increased credit facility.
  • The amended credit facility will mature in 2027.

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