Blue Bird closes $600M credit facility refinancing, extends maturity to 2031
Blue Bird Corporation has closed a new $600 million senior secured credit facility, replacing its existing $250 million facilities and extending the maturity to September 2031. The new agreement increases total committed capacity and lowers the interest rate margin.
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12:36:11 PM UTC
SquawkNews
Blue Bird closed a new USD 600 million senior secured credit facility, replacing its existing USD 250 million facilities. Maturity extended to September 2031 from November 2028. * Structure includes a USD 300 million revolving credit facility, with a USD 300 million delayed draw term loan available for 24 months. Pricing margin cut to SOFR + 1.25%-2.25% from SOFR + 1.75%-3.25%, with the 0.10% credit spread adjustment removed. At closing, about USD 86 million of carry-over debt was drawn, with more than USD 670 million of available liquidity. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Blue Bird Corporation published the original content used to generate this news brief via (Ref. ID: 20261006271334) on October 06, 2026, and is solely responsible for the information contained therein. (C)