Item 1.01 Entry into a Material Definitive Agreement.
Amendment to Credit Facility
On
The Amendment extends the maturity date of
The Amendment also replaces LIBOR as a reference rate with SOFR for all loans under the Credit Agreement. Under the Credit Agreement, the loans will bear interest at a floating rate that is, at the Company's option, either (i) SOFR plus the applicable SOFR Adjustment (as defined therein) depending on the applicable interest period plus an applicable margin or (ii) an alternate base rate plus an applicable margin.
During the second quarter of 2022 and prior to the effectiveness of the
Amendment, the Company repaid its Term Loan A Facility in full with a final
payment of
The foregoing description is qualified in its entirety by reference to the full text of the Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated into this Item 1.01 by reference.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance Sheet Arrangement of a Registrant.
The response to Item 1.01 is incorporated into this Item 2.03 by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits Exhibit Number Description of Exhibit 10.1 Amendment No. 4, dated as ofJuly 18, 2022 , to Credit Agreement, dated as ofNovember 28, 2017 , among the Company, the various financial institutions party thereto,PNC Bank, N.A. , as administrative agent for the Revolving Lenders and Term A Lenders,Citibank, N.A ., as administrative agent for theTerm B Lenders and PNCBank, N.A ., as collateral agent for the Lenders and the other Secured Parties referred to therein 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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