Mastercraft Boat Holdings Inc.

10/03/2024 | Press release | Distributed by Public on 10/03/2024 06:02

Material Agreement Form 8 K

Item 1.01 Entry into a Material Definitive Agreement.

On September 27, 2024, MasterCraft Boat Holdings, Inc. (the "Company") entered into the Fourth Amendment to the Credit Agreement (the "Fourth Amendment") with JPMorgan Chase Bank, N.A., as the administrative agent (the "Administrative Agent"), and the other lenders party thereto. The Fourth Amendment amends certain provisions of the Company's Credit Agreement dated June 28, 2021 as amended by (i) the First Amendment to the Credit Agreement dated September 30, 2021, (ii) the Second Amendment to the Credit Agreement dated August 31, 2022, and (iii) the Third Amendment to the Credit Agreement dated October 4, 2023.

The Fourth Amendment, among other things, (i) provides consents and waivers, by the Administrative Agent, to covenant restrictions as related to the sale and transfer of assets of Aviara Boats, LLC., and (ii) provides waivers to the covenant ratios for certain future periods. The Credit Agreement provides the Company with a $100 million revolving credit facility.

The foregoing description of the of the Fourth Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Fourth Amendment, which is filed as Exhibit 10.1 hereto and incorporated by reference.