Helen of Troy Limited (NASDAQ: HELE) recently announced an amendment to its existing credit facility, signed on November 25, 2025. The 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. Additionally, the commitment under the revolving credit facility has been reduced from $1.0 billion to $750 million, and an additional interest margin tier has been included at a net leverage ratio of 4 times or greater.
According to Mr. Brian L. Grass, the Chief Financial Officer, the amendment provides greater flexibility to navigate the evolving trade and macroeconomic landscape. The company does not expect the reduction in the commitment under the revolving credit facility to create a limitation on its borrowing capacity for the foreseeable future.
It's worth noting that the amendment was unanimously approved by the lender group, demonstrating a strong partnership with Bank of America and the lender group.
This amendment signifies a strategic move by Helen of Troy Limited to enhance its financial flexibility and adapt to changing market conditions. Today the company's shares have moved 0.9% to a price of $19.03. For more information, read the company's full 8-K submission here.
