Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
AZZ INC amended term loan with Citibank, N.A. at SOFR + 375 basis points.
- Instrument
- term loan
- Counterparty
- Citibank, N.A.
- Rate
- SOFR + 375 basis points
- Event
- amendment
Exact text from the filing
The First Amendment reduces the applicable margin for the Initial Term Loan (as defined in the Credit Agreement) by 50 basis points to SOFR + 375 basis points and removed the credit spread adjustment of 10 basis points.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
AZZ INC amended First Amendment to Credit Agreement with Citibank, N.A. valued at reduces the applicable margin for the Initial Term Loan by 50 basis points to SOFR + 375 basis point (effective 2023-08-17).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Citibank, N.A.
- Value
- reduces the applicable margin for the Initial Term Loan by 50 basis points to SOFR + 375 basis point
- Effective
- 2023-08-17
Exact text from the filing
On August 17, 2023, AZZ Inc. (the " Company ") entered into the First Amendment by and among the Company, certain subsidiaries of the Company party thereto as guarantors (the " Guarantors "), the lenders from time to time party thereto (collectively, the “ Lenders ”) and Citibank, N.A. (“ Citi ”), as Administrative Agent and Collateral Agent (the " First Amendment ").
View on SEC.gov