Item 1.01 Entry into a Material Definitive Agreement.
On
The Amendment amended and restated the Credit Agreement to, among other things:
(i) provide for a term loan A facility (the "Term Facility") in an aggregate
principal amount of
There was
Loans under the Senior Credit Facilities bear interest at a variable rate equal to either (i) the applicable base rate or (ii) LIBOR, plus in each case an interest margin determined by the Company's net total leverage ratio, with a range of base rate margins from 0.125% to 1.000%, and a range of LIBOR margins from 1.125% to 2.000%. Commitment fees for unused Revolving Facility capacity are at a rate (also based on net total leverage) ranging from 0.150% to 0.300%.
The maturity date of the loans under the Senior Credit Facilities was extended
to
Certain other changes were made to the terms of the Senior Credit Facilities, including changes providing greater flexibility to the Company with respect to certain covenants.
The foregoing summary is qualified in its entirety by reference to the complete text of the Amendment, a copy of which is filed herewith as Exhibit 10.1 and incorporated herein by reference.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance Sheet Arrangement of a Registrant
The disclosure set forth in Item 1.01 of this Current Report is incorporated by reference into this Item 2.03.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits: 10.1 2021 Replacement Facility Amendment and Reaffirmation Agreement, dated as ofOctober 21, 2021 among the Company, the Additional Borrowers party thereto, the Guarantors party thereto,JP Morgan Chase Bank, N.A. , as administrative agent and as a lender, and the other lenders party thereto. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document contained in Exhibit 101) 2
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