Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
DAVEY TREE EXPERT CO amended credit facility of $100 million to $150 million with PNC Bank, National Association maturing July 21, 2024.
- Instrument
- credit facility
- Principal
- $100 million to $150 million
- Counterparty
- PNC Bank, National Association
- Maturity
- July 21, 2024
- Event
- amendment
Exact text from the filing
to extending the termination date for another year, the Amendment allows the Borrower, under certain circumstances, to increase the limit of its AR Securitization facility from $100 million to $150 million. The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, a
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
DAVEY TREE EXPERT CO amended Eleventh Amendment with PNC valued at $100 million to $150 million (effective 2023-06-29).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- PNC
- Value
- $100 million to $150 million
- Effective
- 2023-06-29
Exact text from the filing
On June 29, 2023, The Davey Tree Expert Company (“Davey Tree” or the “Company”) entered into an Eleventh Amendment (the “Amendment”) to the Receivables Financing Agreement, dated as of May 9, 2016 (the “RFA”), by and among: (i) Davey Tree, as initial Servicer, (ii) Davey Receivables LLC, an Ohio limited liability company, special purpose entity and wholly-owned subsidiary of Davey Tree, as Borrower, and (iii) PNC Bank, National Association, as LC Bank and as Administrative Agent (“PNC”).
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