Helen of Troy Gets $1.5 Billion Credit Agreement

Helen of Troy has entered a $1.5 billion credit agreement with Bank of America and other lenders, pushing out the maturities on the consumer-products makers credit.El Paso, Texas-based Helen of Troy said in a regulatory filing Tuesday that its new credit deal included a $1 billion revolving credit facility, a $250 million term loan and a committed $250 million delayed draw term loan.The agreement is with Bank of America, which is acting as the administrative agent, and other lenders. The new credit deal replaces a prior agreement with Bank of America and other lenders for $1.25 billion in unsecured revolving commitments and term loans of up to $300 million The revolving facility and term loan have maturity dates of Feb. 15, 2029. The companys previous commitments had maturity dates of March 13, 2025.