Item 1.01. Entry into a Material Definitive Agreement
Effective
· extend the maturity date from
· modify the maximum net leverage ratio financial covenant such that for the
fiscal quarter endingSeptember 30, 2022 and thereafter, the maximum net leverage ratio is set at 4.00:1.00;
· reflect more favorable pricing at higher net leverage ratio levels, resulting
in a 25 basis point reduction in the applicable rate on outstanding loans than was in effect prior to the Fifth Amendment based on the Company's current consolidated leverage ratio, along with lower fees on undrawn amounts; and
· eliminate the LIBOR rate floor for
The foregoing summary of the Fifth Amendment does not purport to be complete and is qualified in its entirety by reference to the Fifth Amendment, a copy of which is filed as Exhibit 10.1 and incorporated by reference herein.
Item 9.01 - Financial Statements and Exhibits
(d) Exhibits 10.1 Fifth Amendment to Third Amended and Restated Credit Agreement, dated as ofMarch 31, 2021 , among the Company, certain subsidiaries of the Company,Bank of America, N.A ., as administrative agent, and the other lenders party thereto.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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