Blue Bird Corporation Announces Amendment of Credit Facility
Today, Blue Bird Corporation (NASDAQ: BLBD), a leading manufacturer of school and activity buses, announced that it entered into a fourth amendment to its credit facility, dated as of December 12, 2016.
- Today, Blue Bird Corporation (NASDAQ: BLBD), a leading manufacturer of school and activity buses, announced that it entered into a fourth amendment to its credit facility, dated as of December 12, 2016.
- The Fourth Amendment provides for covenant relief through Blue Birds fiscal second quarter year 2023.
- For the two quarters of Blue Birds fiscal 2023, the total net leverage ratio covenant is increased from 3.50:1:00 to 4:00:1:00.
- About Blue Bird Corporation: Blue Bird (NASDAQ: BLBD) is the leading independent designer and manufacturer of school buses, with more than 550,000 buses sold since its formation in 1927 and approximately 180,000 buses in operation today.