Malibu Boats Refinances Credit Facility, Adds $100M Term Loan, Extends Maturity to 2031
MBUU is trading near its 52-week low of $23.84 (12% above the low).
Summary
Malibu Boats refinanced its credit facility, replacing a $350M revolver with a $250M revolver and a new $100M term loan, extending maturity to 2031 and adding incremental capacity.
Key Events · Financing and Capital Events · MBUU
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Credit Facility Refinanced
On July 10, 2026, the company entered into a Fourth Amended and Restated Credit Agreement, swapping its prior $350M revolving facility for a $250M revolver and a new $100M term loan.
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Maturity Extended to 2031
The maturity date was pushed out from July 2027 to July 2031, securing a longer-term financing runway.
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Term Loan Drawn, Revolver Partially Repaid
At closing, the full $100M term loan was borrowed and the net proceeds were used to repay amounts under the revolver, leaving $65M outstanding there.
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Incremental Capacity Retained
The agreement retains the ability to request up to $100M in additional commitments, plus further amounts subject to a 2.50x leverage test, supporting future growth.
Analysis · MBUU · Manufacturing
Malibu Boats replaced its $350M revolving credit facility with a new $250M revolver and a $100M term loan, extending maturity from 2027 to 2031. The company drew the full term loan to pay down the revolver, leaving $65M outstanding. The refinancing strengthens liquidity and pushes out debt maturities, but adds a term loan amortization schedule. The new structure provides flexibility for growth and capital returns, though it increases total committed debt capacity to $350M plus an incremental $100M+ accordion.
At the time of this filing, MBUU was trading at $26.74 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $525.1M. The 52-week trading range was $23.84 to $39.65. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.