Item 1.01 Entry into a Material Definitive Agreement.
On
The Amendment, which includes customary representations and warranties, amends
the Credit Agreement to, among other things, (i) extend the term of the Credit
Agreement from
The Company is required to pay an annual facility fee of 0.10 to 0.25 percent on the available commitments under the Credit Agreement, regardless of usage, with the applicable fee determined on a quarterly basis based on the Company's net leverage ratio.
Amounts borrowed under the Credit Agreement will bear interest at an annual rate
equal to either, at the Company's option, (a) the rate for Eurocurrency deposits
for the corresponding deposits of
In the ordinary course of business, certain of the lenders under the Credit Agreement and their affiliates have provided to the Company and its subsidiaries, and may in the future provide, (i) investment banking, commercial banking cash management, foreign exchange or other financial services, and (ii) services as a bond trustee and other trust and fiduciary services, for which they have received compensation and may receive compensation in the future.
The foregoing summary description of the Amendment does not purport to be complete and is qualified in its entirety by reference to, and should be read in conjunction with, the full text of the Amendment, which is filed as Exhibit 10.1 to this Report and incorporated herein by reference.
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 above and referenced 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 Fourth Amendment to Credit Agreement, dated as ofJuly 12, 2021 , among the Company, as Borrower,Simpson Strong-Tie Company Inc. and Simpson Strong-Tie 10.1International, Inc. , as Guarantors, the several financial institutions party to the Agreement, as Lenders, andWell Fargo Bank , National Association, in its separate capacities as SwingLine Lender , L/C Issuer and as Administrative Agent. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2
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