ITEM 1.01. Entry into a Material Definitive Agreement
On November 29, 2021, WD-40 Company (the "Company") entered into a LIBOR
Transition Amendment (the "LIBOR Amendment") with Bank of America, N.A. The
LIBOR Amendment is effective November 29, 2021 and modifies the Company's
Amended and Restated Credit Agreement dated March 16, 2020, as amended by the
First Amendment to Credit Agreement dated September 30, 2020 (collectively, the
"Credit Agreement"). Capitalized terms used but not defined in this report will
have the meanings given to them in the Credit Agreement.
The LIBOR Amendment changes the Company's index rates under the Credit Agreement
for British Pound Sterling and U.S. Dollar borrowings from the London Interbank
Offered Rate as administered by ICE Benchmark Administration to the Sterling
Overnight Index Average Reference Rate and the Bloomberg Short-term Bank Yield
Index rate, respectively, as well as certain definitions and clarifications
within the Credit Agreement to accommodate the change in index rates. Except as
set forth in the LIBOR Amendment, the other terms and conditions of the Credit
Agreement remain in full force and effect. All other material terms included in
the Credit Agreement remain unchanged as a result of the execution of the LIBOR
Amendment.
ITEM 2.03. Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance Sheet Arrangement of a Registrant.
The information provided in Item 1.01 above is incorporated herein by reference
to this Item 2.03.
?
--------------------------------------------------------------------------------
ITEM 9.01. Financial Statements and Exhibits
(d) Exhibits
Exhibit No. Description
10(a) LIBOR Transition Agreement dated November 29, 2021 among WD-40
Company and Bank of America, N.A.
104 The cover page from this Current report on Form 8-K, formatted in
Inline XBRL
?
--------------------------------------------------------------------------------
© Edgar Online, source Glimpses
WD-40 COMPANY 
