Mister Car Wash completes debt refinancing (NYSE:MCW)
Press Room
Mister Car Wash (NYSE:MCW) announced the completion of a series of related transactions in support of a comprehensive plan to refinance its capital structure.
Through these transactions, the company extended its debt maturities and improved liquidity to support continued company growth.
Upsized, amended & extended the $901 million Term Loan B to $925 million now due in 2031 and removed a 0.10% credit spread adjustment to the SOFR benchmark for all available interest periods.
Upsized, amended & extended the $150 million Revolving Credit Facility to $300 million now due in 2029, removed a 0.10% credit spread adjustment to the SOFR benchmark for all available interest periods and reduced the cost of borrowings under the facility.
Proceeds of the transaction were used to refinance the existing Mister Car Wash Term Loan B due in 2026 and the existing Mister Car Wash Revolving Credit Facility due in 2026
