Champion Homes, Inc. Enters into $200 Million Revolving Credit Facility

On July 28, 2025, Champion Homes, Inc. and its subsidiary, Champion Home Builders, Inc., entered into a Second Amended and Restated Credit Agreement with Wells Fargo Bank, National Association, and other lenders. This agreement provides for a $200 million revolving credit facility, including a $45 million letter of credit sub-facility. The new credit agreement extends the maturity date from July 2026 to July 2030 and replaces the existing Amended and Restated Credit Agreement dated July 7, 2021. The interest rates for borrowings under the facility will vary based on the consolidated total net leverage ratio of the company and its subsidiaries. The facility is guaranteed by the company, the borrower, and certain subsidiaries, and is secured by a first priority security interest in substantially all of their assets. The agreement includes customary covenants, representations, warranties, and events of default.