On August 20, 2026, subsidiaries of pool-products maker Latham Group (SWIM) signed a new credit agreement with a lender group led by Jefferies Finance as administrative agent, using it to pay off and terminate their previous 2022 facility that had been run by Barclays. The new package includes a $75 million multicurrency revolving credit line (borrowable in US dollars, Canadian dollars, euros, and Australian dollars) maturing in August 2031, plus a $300 million term loan maturing in August 2033. The term loan carries interest at SOFR plus 4.00%, requires quarterly amortization equal to 0.25% of the original principal, and the entire financing is secured by substantially all of the company's assets — receivables, equipment, intellectual property, and inventory.
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