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 revolving credit with Citibank, N.A. at margin ranging from 275 basis points to 350 basis points subject to leverage rat.
- Instrument
- revolving credit
- Counterparty
- Citibank, N.A.
- Rate
- margin ranging from 275 basis points to 350 basis points subject to leverage rat
- Event
- amendment
Exact text from the filing
The Second Amendment (a) decreased the interest rate margin applicable to the Revolving Credit Loans from 425 basis points to margin ranging from 275 basis points to 350 basis points subject to leverage ratio step-down; (b) reduced the interest rate further by eliminating SOFR loan credit spread adjustment; and (c) reduced the Commitment Fee applicable to the Revolving Credit Loans by 125 basis points, subject to pricing grid.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
AZZ INC amended Second Amendment with Citibank, N.A. (effective 2023-12-20).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Citibank, N.A.
- Effective
- 2023-12-20
Exact text from the filing
On December 20, 2023, AZZ Inc. (the " Company ") entered into the Second Amendment to its existing Credit Agreement referenced below with Citibank, N.A. (“ Citi ”), as Administrative Agent and Collateral Agent and the requisite lenders (the " Second Amendment ").
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