debt
confidence high
sentiment neutral
materiality 0.25
WD-40 amends credit agreement to replace LIBOR with SONIA for GBP and BSBY for USD loans
WD 40 CO
- Entered LIBOR Transition Amendment with Bank of America effective November 29, 2021.
- GBP borrowings benchmark changes from LIBOR to SONIA plus 0.0326% per annum.
- USD borrowings benchmark changes from LIBOR to Bloomberg Short-term Bank Yield Index (BSBY).
- All other material terms of the credit agreement remain unchanged.
- No new borrowings, changes in commitments, or financial impact from the amendment.