Corsair Gaming, Inc. Refinances Loan Facility with Bank of America

Published: 2025-07-02 08:35:30 ET CRSR

Published on 07/02/2025 at 08:35

Corsair Gaming, Inc. announced it has refinanced its existing revolving and term loan credit facility with a new $100 million revolving credit facility and $125 million term loan facility with Bank of America. The new term loan balance also reflects a $24 million repayment made in second quarter 2025. Borrowings under the new Bank of America credit facilities bear interest at a rate equal to either a base rate or term SOFR, plus an applicable margin that varies based on the Company?s consolidated total net leverage ratio.

The current interest rate for SOFR borrowings under the new credit facilities is term SOFR plus 1.50%. The maturity date of the new credit facilities is June 30, 2030. The $100 million revolving credit facility continues to remain fully available for general corporate purposes, including working capital, capital expenditures, and other strategic investments.