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8-K filed March 29, 2023, 7:59 PM ET ticker ROG CIK 0000084748
debt confidence high sentiment neutral materiality 0.50

ROGERS CORP (ROG): debt financing — Rogers Corp enters new $450M credit facility extending maturity to 2028

ROGERS CORP

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

ROGERS CORP amended credit facility of up to $450 million of revolving loans with JPMorgan Chase Bank, N.A. as administrative agent, and HSBC Bank USA, National Association, Wells Fargo Bank, National Association, Citibank, N.A. and Citizens Bank, N.A. as Co-Syndication Agents at Alternate base rate loans will bear interest at a rate that includes a base refe maturing March 24, 2028.

Instrument
credit facility
Principal
up to $450 million of revolving loans
Counterparty
JPMorgan Chase Bank, N.A. as administrative agent, and HSBC Bank USA, National Association, Wells Fargo Bank, National Association, Citibank, N.A. and Citizens Bank, N.A. as Co-Syndication Agents
Rate
Alternate base rate loans will bear interest at a rate that includes a base refe
Maturity
March 24, 2028
Event
amendment
Exact text from the filing
(the “2020 Credit Agreement”). Under the Amended Credit Agreement, lenders agreed to refinance the 2020 Credit Agreement. The lenders agreed to provide the Company (1) up to $450 million of revolving loans, with sub-limits for multicurrency borrowings, letters of credit and swing-line notes; and (2) a $225 million expansion feature. Borrowings may be used to
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

ROGERS CORP amended Fifth Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A. as administrative agent, and HSBC Bank USA, National Association, Wells Fargo Bank, National Association, Citibank, N.A. and Citizens Bank, N.A. as Co-Syndication Agents, and the lenders party thereto valued at up to $450 million (effective 2023-03-24).

Action
amendment
Agreement
credit facility
Counterparty
JPMorgan Chase Bank, N.A. as administrative agent, and HSBC Bank USA, National Association, Wells Fargo Bank, National Association, Citibank, N.A. and Citizens Bank, N.A. as Co-Syndication Agents, and the lenders party thereto
Value
up to $450 million
Effective
2023-03-24
Exact text from the filing
On March 24, 2023, Rogers Corporation (the “Company”) entered into a Fifth Amended and Restated Credit Agreement (the “Amended Credit Agreement”) with each of the lenders party thereto, JPMorgan Chase Bank, N.A. as administrative agent, and HSBC Bank USA, National Association, Wells Fargo Bank, National Association, Citibank, N.A. and Citizens Bank, N.A. as Co-Syndication Agents.
View on SEC.gov

103 debt financings filed in the last 30 days. Browse all debt financings →

ROGERS CORP filing history →

Source: SEC EDGAR
accession 0000084748-23-000036
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