Item 1.01. Entry into a Material Definitive Agreement.
On
The First Amendment modifies the Credit Facility to, among other things, reduce
the interest pricing from the 30-day London Interbank Offered Rate ("LIBOR")
plus 2.0% to LIBOR plus 1.6%, adds LIBOR successor rate language and extends the
expiration date three years from
The foregoing summary of the Credit Facility is not complete and is qualified in
its entirety by reference to the First Amendment, which is filed as Exhibit 10.1
to this Current Report on Form 8-K and incorporated by reference herein, and the
Amended and Restated Replacement Credit Agreement, which was included as Exhibit
10.1 to the Current Report on Form 8-K filed
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information set forth under Item 1.01 is hereby incorporated by reference into this Item 2.03.
Item 9.01. Financial Statements and Exhibits.
(d)Exhibits Exhibit No. Description 10.1 First Amendment to Amended and Restated Replacement Credit Agreement, datedApril 30, 2021 , amongArgan, Inc. and certain subsidiaries ofArgan, Inc. , as borrowers, andBank of America, N.A ., as the lender. 104 Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101)
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