Helen of Troy Limited Announces Amendment to Credit Facility with Favorable Terms

Helen of Troy Limited has amended its existing credit facility to provide an extended holiday for the maximum Leverage Ratio and modify the Interest Coverage Ratio. 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. The change is expected to give the company greater flexibility to navigate the evolving trade and macroeconomic landscape.