Item 1.01. Entry into a Material Definitive Agreement.
On
The Amendment, among other things, reduces the LIBOR "floor" component of the interest rate under the Credit Agreement from 1.0% per annum to 0.0% per annum. In addition, the Amendment provides for the application of specified LIBOR successor rates under certain circumstances, including in the event that LIBOR is determined to be unavailable.
The foregoing summary of the Amendment is qualified in its entirety by reference to the actual text of the Amendment, a copy of which is filed herewith as Exhibit 10.1.
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 in Item 1.01 is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits Exhibit No. Description 10.1 First Amendment to the Loan, Guaranty and Security Agreement, dated as ofMarch 30, 2021
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