Company: JBI
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001839839-25-000032
Chunk: 129

Company: Janus International Group, Inc.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 7
Chunk 129
---
3 LOC Agreement and Repricing Amendment contain affirmative and negative covenants, including limitations on, subject to certain exceptions, the incurrence of indebtedness, the incurrence of liens, fundamental changes, dispositions, restricted payments, investments, transactions with affiliates as well as other covenants customary for financings of these types. The 2023 LOC Agreement also includes a financial covenant, applicable only when the excess availability is less than the greater of (i) 10% of the lesser of the aggregate commitments under the line of credit facility and the borrowing base, and (ii) $10.0. In such circumstances, we would be required to maintain a minimum fixed charge coverage ratio for the trailing four quarters equal to at least 1.00 to 1.00; subject to our ability to make an equity cure (no more than twice in any four quarter period and up to five times over the life of the facility). As of December 28, 2024, we were compliant with our covenants under the agreements governing our outstanding indebtedness.

As of December 28, 2024, and December 30, 2023, the Company’s borrowing base capacity yielded $82.4 and $125.0, respectively.

As of December 28, 2024, and December 30, 2023, the Company maintained one letter of credit totaling approximately $0.4 on which there were no balances due.

45

Statement of Cash Flows

The following table presents a summary of cash flows from operating, investing and financing activities for the following comparative periods. For additional detail, please see the Consolidated Statements of Cash Flows in the consolidated financial statements.

Year ended December 28, 2024 compared to the year ended December 30, 2023:

December 28, 2024December 30, 2023Variance(dollar amounts in millions)$%Net cash provided by operating activities$154.0 $215.0 $(61.0)(28.4)%Net cash used in investing activities(73.1)(19.9)(53.2)267.3 %Net cash used in financing activities(103.0)(102.4)(0.6)0.6 %Effect of foreign currency rate changes on cash(0.3)0.6 (0.9)(150.0)%Net (decrease) increase in cash $(22.4)$93.3 $(115.7)(124