Market News / Story
Blue Bird Secures $600 Million Facilities to 2031; Micro Bird Gets C$35 Million Line
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Blue Bird amended its senior secured credit facilities, lifting total capacity to $600 million and extending maturities to September 30, 2031. The package includes a $300 million revolving credit facility and a $300 million delayed draw term loan available for 24 months, with pricing reduced to SOFR plus 1.25%–2.25% and enhanced covenant flexibility. Separately, Blue Bird’s Micro Bird subsidiaries closed a C$35 million line of credit with TD Bank, secured solely by a…