Item 8.01. Other Events.
On November 24, 2021, The Chemours Company AR, LLC, a Delaware limited liability
company ("Chemours AR"), and The Chemours Company FC, LLC, a Delaware limited
liability company ("Chemours FC"), entered into an amendment (the "Second
Amendment") to the Amended and Restated Receivables Purchase Agreement, dated as
of March 9, 2020, as amended on March 5, 2021 (the "Receivables Purchase
Agreement"). Chemours AR and Chemours FC entered into the Second Amendment with
The Toronto-Dominion Bank, as Administrative Agent, as LC Bank, as a Group
Agent, and as a Related Committed Purchaser, and Reliant Trust, as a Conduit
Purchaser. Chemours FC is a wholly-owned subsidiary of The Chemours Company, a
Delaware corporation (the "Company"), and Chemours AR is a wholly-owned,
bankruptcy-remote special purpose subsidiary of Chemours FC.
The Second Amendment, among other things, extends the term of the Receivables
Purchase Agreement, such that Chemours AR may sell certain receivables and
request investments and letters of credit until the earlier of March 6, 2024 or
another event that constitutes a "Termination Date" under the Receivables
Purchase Agreement. Prior to giving effect to the Second Amendment, the
Receivables Purchase Agreement was scheduled to expire on March 6, 2023. The
Second Amendment also added excluded obligors to the facility.
The foregoing description is only a summary of the Second Amendment, and is
qualified in its entirety by reference to the full text of the Second Amendment,
which is filed as Exhibit 99.1 hereto, and which is incorporated by reference
herein.
Item 9.01. Financial Statements and Exhibits.
(d)Exhibits.
99.1* Second Amendment to Amended and Restated Receivables Purchase Agreement,
99.2* dated as of November 24, 2021.
Exhibit A to the Second Amendment to Amended and Restated Receivables
Purchase Agreement, dated as of November 24, 2021.
104 The cover page from this Current Report on Form 8-K, formatted in Inline
XBRL.
______________
* Certain schedules and exhibits to Exhibit 99.1 and 99.2 have been omitted
pursuant to Item 601(a)(5) of Regulation S-K. The Company agrees to furnish
supplementally a copy of such schedules and exhibits, or any section thereof, to
the Securities and Exchange Commission upon request.
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