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Blue Bird Corporation (BLBD) Closes $600M Credit Refi, Extends Maturity to 2031
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Blue Bird closed a new $600M senior secured credit facility, replacing $250M in prior facilities, extending maturity to Sept 2031, and lowering the margin to SOFR+1.25%-2.25%. At closing it had ~$86M drawn and $670M+ liquidity. Material Details #DetailAI Analyst View1$600M new secured credit facilityMore than doubles committed capacity, boosting liquidity and flexibility.2Maturity extended to Sept 2031Reduces near-term refinancing risk; improves duration of…