Item 1.01 Entry into a Material Definitive Agreement
Second Amendment to Credit Agreement
On
The Amendment, among other things, (i) provides for the transition from a LIBOR
benchmark to a term secured overnight financing rate benchmark ("Term SOFR")
with a credit spread adjustment of 10 and 25 basis points for 1-month and
3-month Term SOFR loans, respectively, and (ii) provides consent and certain
flexibility with respect to calculation of the financial covenants included in
Section 6.20 of the Credit Agreement in the event that high-yield notes are
issued in advance of closing of the Borrowers' previously announced acquisition
of the equity interests of 3
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Cover Page Interactive Data File - the cover page XBRL tags are embedded within 104 the Inline XBRL document.
--------------------------------------------------------------------------------
© Edgar Online, source