SPH Group Holdings LLC and Steel Excel Inc. entered into an amendment to their amended and restated credit agreement, dated as of December 29, 2021, with PNC Bank, National Association, in its capacity as administrative agent, the lenders party thereto, and certain of the Borrowersâ affiliates in their capacities as guarantors. The First Amendment amends certain terms and provisions of the Credit Agreement to, among other things, retroactively consent to certain transactions pursuant to which (i) iGo Inc., previously a borrower under the Credit Agreement, merged with and into Steel Energy Services Ltd., an indirect wholly-owned subsidiary of the Company, and (ii) certain guarantors, each an indirect wholly-owned subsidiary of the Company, converted into Delaware limited liability companies.
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- SPH Group Holdings LLC and Steel Excel Inc. Enters into an Amendment to Their Amended and Restated Credit Agreement