{"id":865986,"date":"2025-07-02T07:11:57","date_gmt":"2025-07-02T11:11:57","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/corsair-gaming-refinances-loan-facility-with-bank-of-america\/"},"modified":"2025-07-02T07:11:57","modified_gmt":"2025-07-02T11:11:57","slug":"corsair-gaming-refinances-loan-facility-with-bank-of-america","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/corsair-gaming-refinances-loan-facility-with-bank-of-america\/","title":{"rendered":"Corsair Gaming Refinances Loan Facility with Bank of America"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Corsair Gaming Refinances Loan Facility with Bank of America<\/b><\/p>\n<p>MILPITAS, Calif.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nCorsair Gaming, Inc. (Nasdaq: CRSR) (\u201cCorsair\u201d or the \u201cCompany\u201d), a leading global provider and innovator of high-performance products for gamers, streamers, content-creators, gaming PC builders and SIM driving enthusiasts, today announced it has refinanced its existing revolving and term loan credit facility with a new $100 million revolving credit facility and $125 million term loan facility with Bank of America. The new term loan balance also reflects a $24 million repayment made in Q2 2025.<\/p>\n<p>\nBorrowings under the new Bank of America credit facilities bear interest at a rate equal to either a base rate or term SOFR, plus an applicable margin that varies based on the Company\u2019s consolidated total net leverage ratio. The current interest rate for SOFR borrowings under the new credit facilities is term SOFR plus 1.50%. The maturity date of the new credit facilities is June 30, 2030.<\/p>\n<p>\nThe $100 million revolving credit facility continues to remain fully available for general corporate purposes, including working capital, capital expenditures, and other strategic investments.<\/p>\n<p>\nMichael G. Potter, Chief Financial Officer of Corsair, said, &#8220;We are pleased to reinforce our long-term relationship with Bank of America. This refinancing reflects our solid financial position and maintains favorable terms and conditions to support Corsair\u2019s growth plan, with added flexibility to act on growth investments that we deem to be a strategic fit.\u201d<\/p>\n<p><b>About Corsair Gaming<\/b><\/p>\n<p>\nCorsair (Nasdaq: CRSR) is a leading global developer and manufacturer of high-performance products and technology for gamers, content creators, and PC enthusiasts. From award-winning PC components and peripherals to premium streaming equipment and smart ambient lighting, Corsair delivers a full ecosystem of products that work together to enable everyone, from casual gamers to committed professionals, to perform at their very best. Corsair also sells products under its Fanatec brand, the leading end-to-end premium Sim Racing product line; Elgato brand, which provides premium studio equipment and accessories for content creators; SCUF Gaming brand, which builds custom-designed controllers for competitive gamers; Drop, the leading community-driven mechanical keyboard brand; and ORIGIN PC brand, a builder of custom gaming and workstation desktop PCs.<\/p>\n<p><b>Forward-Looking Statements<\/b><\/p>\n<p>\nThis press release contains express and implied forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding the refinancing supporting the Company\u2019s growth plan and providing it flexibility to act on growth investments. Forward-looking statements are based on our management\u2019s beliefs, as well as assumptions made by, and information currently available to them. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, actual results may differ materially from those projected. Factors which may cause actual results to differ materially from current expectations include, but are not limited to: the Company\u2019s limited operating history, which makes it difficult to forecast the Company\u2019s future results of operations; current macroeconomic conditions, including the impacts of high inflation and risk of recession, on demand for our products, consumer confidence and financial markets generally; changes in trade regulations, policies, and agreements and the imposition of tariffs that affect our products or operations, including potential new tariffs that may be imposed on U.S. imports and our ability to mitigate; the Company\u2019s ability to build and maintain the strength of the Company\u2019s brand among gaming and streaming enthusiasts and ability to continuously develop and successfully market new products and improvements to existing products; the introduction and success of new third-party high-performance computer hardware, particularly graphics processing units and central processing units as well as sophisticated new video games; fluctuations in operating results; the loss or inability to attract and retain key management; the impacts from geopolitical events and unrest; delays or disruptions at the Company or third-parties\u2019 manufacturing and distribution facilities; and the other factors described under the heading \u201cRisk Factors\u201d in our Annual Report on Form 10-K for the year ended December 31, 2024 filed with the Securities and Exchange Commission (\u201cSEC\u201d) and our subsequent filings with the SEC. All forward-looking statements reflect our beliefs and assumptions only as of the date of this press release. We undertake no obligation to update forward-looking statements to reflect future events or circumstances.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250702815075r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20250702815075\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250702815075\/en\/<\/a><\/span><\/p>\n<p><b>Investor Relations Contact:<br \/>\n<\/b><br \/>David Pasquale<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:ir@corsair.com\">ir@corsair.com<br \/>\n<\/a><br \/>914-337-8801<\/p>\n<p><b>Media Contact:<br \/>\n<\/b><br \/>Timothy Biba<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:tbiba@soleburystrat.com\">tbiba@soleburystrat.com<br \/>\n<\/a><br \/>203-428-3222<\/p>\n<p><b>KEYWORDS:<\/b> United States North America California<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Technology Electronic Games Entertainment Hardware<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250702815075\/en\/1444793\/3\/CORSAIR_Logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Corsair Gaming Refinances Loan Facility with Bank of America MILPITAS, Calif.&#8211;(BUSINESS WIRE)&#8211; Corsair Gaming, Inc. (Nasdaq: CRSR) (\u201cCorsair\u201d or the \u201cCompany\u201d), a leading global provider and innovator of high-performance products for gamers, streamers, content-creators, gaming PC builders and SIM driving enthusiasts, today announced it has refinanced its existing revolving and term loan credit facility with a new $100 million revolving credit facility and $125 million term loan facility with Bank of America. The new term loan balance also reflects a $24 million repayment made in Q2 2025. Borrowings under the new Bank of America credit facilities bear interest at a rate equal to either a base rate or term SOFR, plus an applicable margin that varies based on the Company\u2019s &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/corsair-gaming-refinances-loan-facility-with-bank-of-america\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Corsair Gaming Refinances Loan Facility with Bank of America&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-865986","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Corsair Gaming Refinances Loan Facility with Bank of America - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/corsair-gaming-refinances-loan-facility-with-bank-of-america\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Corsair Gaming Refinances Loan Facility with Bank of America - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Corsair Gaming Refinances Loan Facility with Bank of America MILPITAS, Calif.&#8211;(BUSINESS WIRE)&#8211; Corsair Gaming, Inc. (Nasdaq: CRSR) (\u201cCorsair\u201d or the \u201cCompany\u201d), a leading global provider and innovator of high-performance products for gamers, streamers, content-creators, gaming PC builders and SIM driving enthusiasts, today announced it has refinanced its existing revolving and term loan credit facility with a new $100 million revolving credit facility and $125 million term loan facility with Bank of America. The new term loan balance also reflects a $24 million repayment made in Q2 2025. Borrowings under the new Bank of America credit facilities bear interest at a rate equal to either a base rate or term SOFR, plus an applicable margin that varies based on the Company\u2019s &hellip; Continue reading &quot;Corsair Gaming Refinances Loan Facility with Bank of America&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/corsair-gaming-refinances-loan-facility-with-bank-of-america\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-07-02T11:11:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250702815075r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/corsair-gaming-refinances-loan-facility-with-bank-of-america\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/corsair-gaming-refinances-loan-facility-with-bank-of-america\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Corsair Gaming Refinances Loan Facility with Bank of America\",\"datePublished\":\"2025-07-02T11:11:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/corsair-gaming-refinances-loan-facility-with-bank-of-america\\\/\"},\"wordCount\":760,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/corsair-gaming-refinances-loan-facility-with-bank-of-america\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20250702815075r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/corsair-gaming-refinances-loan-facility-with-bank-of-america\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/corsair-gaming-refinances-loan-facility-with-bank-of-america\\\/\",\"name\":\"Corsair Gaming Refinances Loan Facility with Bank of America - 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