Corsair Gaming Inc. has announced a refinancing of its existing loan facilities with a new agreement involving Bank of America. The company has secured a $100 million revolving credit facility and a $125 million term loan facility. The new term loan reflects a $24 million repayment scheduled for Q2 2025. The interest rate is based on either a base rate or term SOFR, plus a margin that varies according to Corsair's net leverage ratio. Currently, the SOFR borrowings under the new facilities are at term SOFR plus 1.50%. The maturity date for these facilities is set for June 30, 2030. The revolving credit facility remains fully available for various corporate needs, including working capital and strategic investments. Corsair's CFO, Michael G. Potter, emphasized that this refinancing strengthens their relationship with Bank of America and provides flexibility for strategic growth investments.
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