Blue Bird Closes $600 Million Credit Facility Refinancing, Extends Maturity to 2031
Business Wire•06/10/2026•08:30 ET
0
Key Highlights
- ➤$600 million credit facility replaces Blue Bird’s existing $250 million facilities
- ➤Maturity extends from November 2028 to September 2031
- ➤$300 million revolver and $300 million delayed draw term loan
- ➤Interest margins fall to SOFR plus 1.25% to 2.25% from 1.75% to 3.25%
- ➤Blue Bird had ~$86 million drawn and $670+ million available liquidity at closing
Expert Statements
Razvan Radulescu, Chief Financial Officer of Blue Bird Corporation
“While Blue Bird already has a very strong balance sheet, this refinancing more than doubles our available borrowing capacity, lowers our cost of debt and extends maturity out to 2031,”
Razvan Radulescu, Chief Financial Officer of Blue Bird Corporation
“It gives us the flexibility to continue to invest in our operations and product development, while maintaining a conservative balance sheet.”
Razvan Radulescu, Chief Financial Officer of Blue Bird Corporation
“We appreciate the strong support from our bank group, led by BMO.”
Blue Bird Closes $600 Million Credit Facility Refinancing, Extends Maturity to 2031
Upsized facilities include a $300 million revolver and a $300 million delayed draw term loan, with lower pricing and expanded capacity to fund growth
Get started
Create a free account to read the full story.