Apogee increases revolver to $385 million, extends maturity to 2027

By Wendy Van Sickle

Columbus, Ohio, Aug. 5 – Apogee Enterprises, Inc. amended its senior unsecured credit faculty, increasing the revolver to $385 million and extending the maturity to 2027, according to a news release.

The company will repay its current $150 million term loan with the additional revolver proceeds.

An accordion feature allows for an additional $200 million of borrowing capacity.

“This amended credit facility provides Apogee with lower borrowing costs, an extended maturity, and increased flexibility as we execute our strategy in the coming years,” Ty R. Silberhorn, chief executive officer of Apogee, said in the news release.

Wells Fargo Bank, NA acted as administrative agent, and U.S. Bank NA acted as syndication agent.

Minneapolis-based Apogee provides value-added glass products and services.

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