SALT LAKE CITY, July 01, 2021 (GLOBE NEWSWIRE) -- Clarus Corporation (NASDAQ: CLAR) ("Clarus" and/or the "Company"), a global company focused on the outdoor and consumer enthusiast markets, announced that in connection with its acquisition of Rhino-Rack, it has amended and upsized its existing senior credit facility led by J.P. Morgan Chase Bank, N.A., with U.S. Bank National Association, Regions Bank, Bank of America, N.A and Zions Bank significantly participating in the lender group. Under the terms of the upsized agreement, Clarus has access to an increased revolving credit facility of $100 million and an increased $125 million term loan. The facility also includes an uncommitted accordion feature of $50 million, for a total borrowing capacity of up to $275 million.