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The latest update is out from OneSpaWorld Holdings ( (OSW) ).
OneSpaWorld Holdings Limited secured a new financing deal with Bank of America and other lenders, consisting of a $100 million term loan and a $50 million revolving credit facility. The term loan was fully drawn on the closing date, while the revolving credit remained untouched. This move, which also saw the company repay its previous First Lien Credit Agreement, aims to optimize its capital structure. The credit facilities, backed by OneSpaWorld’s assets, offer flexible repayment terms and are subject to financial covenants to maintain certain leverage and coverage ratios.
See more insights into OSW stock on TipRanks’ Stock Analysis page.
