Clarus Upsizes Credit Facility To $425M

Clarus Corp CLAR said it has amended and upsized its existing senior secured credit facility with the lender group.
Under the upsized credit agreement terms, Clarus will have access to an increased revolving credit facility of $300 million and a $125 million term loan.
The facility also includes an uncommitted accordion feature of $175 million, for a total borrowing capacity of up to $600 million.
The amended credit facility will mature in April 2027.
Price Action: CLAR shares closed higher by 0.84% at $21.70 on Monday.