Financing ·
J&J Snack Foods Corp. entered into Amendment No. 2 to its Second Amended and Restated Credit Agreement on June 5, 2026
JJSFJ&J Snack Foods Corp
J&J Snack Foods Corp. entered into Amendment No. 2 to its Second Amended and Restated Credit Agreement on June 5, 2026. The amendment extends the revolving credit facility maturity date to June 5, 2031, and provides an option to increase the facility size by up to the greater of $200,000,000 or the company's Consolidated EBITDA. The amendment raises the maximum permitted Consolidated Net Leverage Ratio from 3.00:1.00 to 3.50:1.00, with potential increases to 4.00:1.00 following certain acquisitions. Additionally, the threshold for cross-default triggers and judgments was increased from $10,000,000 to $30,000,000. Separately, Senior Vice President, General Counsel & Secretary Michael A. Pollner resigned effective June 30, 2026. J&J Snack Foods Corp. is a food manufacturer specializing in snack products.