Item 1.01 Entry into a Material Definitive Agreement.
On
The Amendment, among other things, (i) reduces the Applicable Rate applicable to
the Initial Term Loans (as defined in the Credit Agreement) outstanding under
the Credit Agreement immediately prior to the effective date of the Amendment,
in the case of (x) SOFR-based Initial Term Loans from 3.25% to 2.50% and (y)
ABR-based Initial Term Loans from 2.25% to 1.50%, (ii) resets the prepayment
premium for the existing Initial Term Loans to apply to Repricing Transactions
that occur within six months after the effective date of the Amendment, and
(iii) extends the Term Maturity Date (as defined in the Credit Agreement) to
A copy of the Amendment is attached as Exhibit 10.1 and is incorporated herein by reference. The above description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment.
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 under Item 1.01 of this Current Report on Form 8-K with respect to the Amendment is hereby incorporated by reference into this Item 2.03.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits Exhibit No. Description 10.1 Repricing Amendment, dated as ofApril 25, 2023 , by and amongAtkins Intermediate Holdings, LLC , aDelaware limited liability company,Conyers Park Acquisition Corp. , aDelaware corporation,Simply Good Foods USA, Inc. , aNew York corporation,Atkins Nutritionals Holdings, Inc. , aDelaware corporation,Atkins Nutritionals Holdings II, Inc. , aDelaware corporation,NCP-ATK Holdings, Inc. , aDelaware corporation, the other guarantors party thereto, the financial institutions party thereto as Consenting Lenders and theReplacement Lender and Barclays Bank PLC, as administrative agent. Cover Page Interactive Data File (embedded within the Inline XBRL 104 document)
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