Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

THE SIMPLY GOOD FOODS COMPANY

(SMPL)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

SIMPLY GOOD FOODS CO : Regulation FD Disclosure (form 8-K)

01/14/2022 | 04:09pm EST

Item 7.01 Regulation FD Disclosure.

On January 14, 2022, The Simply Good Foods Company ("Simply Good Foods" or the "Company"), announced that its indirect, wholly owned subsidiary, Simply Good Foods USA, Inc. and other wholly owned subsidiaries successfully received commitments and all necessary consents from lenders for a repricing of their existing $431.5 million outstanding term loan under the Credit Agreement, dated as of July 7, 2017 (the "Term Loan") at par. The Term Loan maturity date of July 7, 2024 remains unchanged. The closing of the repricing transaction is subject to customary closing conditions and is expected to occur on or about Friday, January 21, 2022.

Pursuant to the amendment to the Credit Agreement to effect the repricing, which will be executed at closing, the Term Loan will bear interest at the borrowers' option at either the secured overnight financing rate ("SOFR") plus (i) a credit spread adjustment equal to 10 bps for 1-month SOFR, 15 bps for up to 3-month SOFR and 25 bps for up to 6-month SOFR, with a minimum SOFR rate of 50 basis points plus (ii) an applicable margin of 3.25% or a base rate plus an applicable margin of 2.50%. In addition, any outstanding balances under the revolving credit portion of the Credit Agreement will bear interest at the SOFR rate plus the applicable margin stated in the Credit Agreement without a credit spread adjustment and no minimum SOFR rate. Previously, interest payable on the Term Loan at the borrowers' option was either LIBOR plus an applicable margin of 3.75% with a minimum LIBOR of 1% or a base rate plus an applicable margin of 2.50%, and interest payable on the revolving credit portion of the Credit Agreement was payable at LIBOR plus the applicable margin stated in the Credit Agreement no minimum LIBOR.

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses

All news about THE SIMPLY GOOD FOODS COMPANY
01/14SIMPLY GOOD FOODS : Regulation FD Disclosure - Form 8-K
PU
01/14SIMPLY GOOD FOODS CO : Regulation FD Disclosure (form 8-K)
AQ
01/14The Simply Good Foods Company Announces Lender Commitments Received to Reprice Its Exis..
GL
01/10SIMPLY GOOD FOODS : ANNOUNCES EXERCISE OF PRIVATE WARRANTS BY CONYERS PARK - Form 8-K
PU
01/10SIMPLY GOOD FOODS CO : Regulation FD Disclosure, Financial Statements and Exhibits (form 8..
AQ
01/10The Simply Good Foods Company Announces Exercise of Private Warrants by Conyers Park
GL
01/07NORTH AMERICAN MORNING BRIEFING : Stock Futures -3-
DJ
01/06Morgan Stanley Adjusts Price Target on Simply Good Foods to $39 From $37, Maintains Equ..
MT
01/06Credit Suisse Upgrades Simply Good Foods to Outperform from Neutral After 'Solid' Fisca..
MT
01/06Citigroup Adjusts Simply Good Foods' Price Target to $46 From $43, Reiterates Buy Ratin..
MT
More news
Analyst Recommendations on THE SIMPLY GOOD FOODS COMPANY
More recommendations
Financials (USD)
Sales 2022 1 140 M - -
Net income 2022 115 M - -
Net Debt 2022 258 M - -
P/E ratio 2022 31,5x
Yield 2022 -
Capitalization 3 702 M 3 702 M -
EV / Sales 2022 3,48x
EV / Sales 2023 3,13x
Nbr of Employees 263
Free-Float -
Chart THE SIMPLY GOOD FOODS COMPANY
Duration : Period :
The Simply Good Foods Company Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends THE SIMPLY GOOD FOODS COMPANY
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 36,67 $
Average target price 43,17 $
Spread / Average Target 17,7%
EPS Revisions
Managers and Directors
Joseph E. Scalzo President, Chief Executive Officer & Director
Todd E. Cunfer Vice President-Finance
James Marshall Kilts Chairman
David Wallis Senior Vice President-Operations
Timothy Kraft Secretary, Chief Legal Officer & General Counsel
Sector and Competitors
1st jan.Capi. (M$)
THE SIMPLY GOOD FOODS COMPANY-11.79%3 702
BY-HEALTH CO., LTD.-2.89%7 016
BALCHEM CORPORATION-10.63%4 879
HERBALIFE NUTRITION LTD.10.87%4 635
MEDIFAST, INC.-3.51%2 339
USANA HEALTH SCIENCES, INC.-2.12%1 922