LOUDON, Tenn., July 13, 2026 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (Nasdaq: MBUU) ("Malibu", "MBI" or the "Company"), today announced that it has successfully completed the refinancing of its credit facility, with its subsidiary Malibu Boats, LLC entering into a new agreement with Truist Bank, as administrative agent, on July 10, 2026 that replaces its prior agreement, dated July 8, 2022.
The refinancing modifies the existing credit facility to include several key updates:
New Term Loan Facility: The Company added a new term loan facility of $100.0 million to its financing structure, alongside a revolving credit facility of $250.0 million, together replacing the existing $350.0 million revolving facility.
Extended Maturity: The maturity date of the credit facility has been extended from July 2027 to July 2031.
Incremental Capacity: The Company retains the ability to request incremental term or revolving commitments, providing continued flexibility to support future growth.
"The size, terms, and pricing of this refinancing reflect the financial position we've built through the cycle," said David Black, Chief Financial Officer of Malibu Boats, Inc. "The facility gives us the flexibility to keep investing in the business, pursue disciplined growth opportunities, and return capital to shareholders. We appreciate the continued support of Truist and our bank group."
For more information, please refer to the full text of the Credit Agreement filed as an exhibit to Malibu's Current Report on Form 8-K.
About Malibu Boats, Inc.
Based in Loudon, Tennessee, Malibu Boats, Inc. (MBUU) is a leading designer, manufacturer and marketer of a diverse range of recreational powerboats, including performance sport, sterndrive and outboard boats. Malibu Boats, Inc. is among the market leaders in the performance sport boat category through its Malibu and Axis boat brands, among the market leaders in the 20' - 40' segment of the sterndrive boat category through its Cobalt brand, among the market leaders in the saltwater fishing boat market with its Pursuit and Cobia offshore boats and Pathfinder, Maverick, and Hewes flats and bay boat brands, and among the market leaders in the premium adventure dayboat market with its Saxdor brand. A pre-eminent innovator in the powerboat industry, Malibu Boats, Inc. designs products that appeal to an expanding range of recreational boaters, fisherman and water sports enthusiasts whose passion for boating is a key component of their active lifestyles. For more information, visit www.malibuboats.com, www.axiswake.com, cobaltboats.com, www.pursuitboats.com, www.maverickboatgroup.com, or www.saxdoryachts.com.