Press release
Helen of Troy Limited Announces Amendment to Existing Credit Agreement
Amendment Enhances Financial Flexibility EL PASO, Texas--(BUSINESS WIRE)-- Helen of Troy Limited (NASDAQ: HELE), designer, developer, and worldwide marketer
About this update from Helen Of Troy Limited
[{"type":"text","content":"\nAmendment Enhances Financial Flexibility\n\n EL PASO, Texas--(BUSINESS WIRE)--\nHelen of Troy Limited (NASDAQ: HELE), designer, developer, and worldwide marketer of branded consumer home, outdoor, beauty, and wellness products today announced that on November 25, 2025, the Company executed an amendment to its existing credit facility (“the Amendment”) originally dated February 15, 2024.\n\nThe Amendment provides an extended holiday with respect to the maximum Leverage Ratio and modifies the Interest Coverage Ratio by replacing an EBIT measure with an EBITDA measure. The Amendment also reduces the commitment under the revolving credit facility from $1.0 billion to $750 million and includes an additional interest margin tier at a net leverage ratio of 4 times or greater.\n\nMr. Brian L. Grass, Chief Financial Officer, stated: “As anticipated, and highlighted on our October earnings call, we partnered with Bank of America and our lender group to amend our credit facility on favorable terms. The extended Leverage Ratio holiday and change in the Interest Coverage Ratio definition give us greater flexibility to navigate the evolving trade and macroeconomic landscape, and we do not expect the reduction in the commitment under the revolving credit facility to create a limitation on our borrowing capacity for the foreseeable future. We are grateful for the ongoing partnership with Bank of America and our lender group, who unanimously approved the amendment.”\n\nFor more information on the amendment to the credit facility, please refer to the full text of the amendment filed today as Exhibit 10.1 to Helen of Troy Limited’s Current Report on Form 8-K.\n\nAbout Helen of Troy Limited\n\nHelen of Troy Limited (NASDAQ: HELE) is a leading global consumer products company offering creative products and solutions for its customers through a diversified portfolio of well-recognized and widely-trusted brands, including OXO, Hydro Flask, Osprey, Vicks, Braun, Honeywell, PUR, Hot Tools, Drybar, Curlsmith, Revlon, and Olive & June. All trademarks herein belong to Helen of Troy Limited (or its subsidiaries) and/or are used under license from their respective licensors.\n\nFor more information about Helen of Troy, please visit http://investor.helenoftroy.com\n\nForward-Looking Statements\n\nCertain written and oral statements made by the Company and s...