debt
confidence high
sentiment neutral
materiality 0.25
Axogen amends term loan to transition from LIBOR to Adjusted Term SOFR
Axogen, Inc.
- Amendment No. 1 executed June 29, 2023 changes benchmark rate from LIBOR to Adjusted Term SOFR plus spread adjustment.
- Parties: Axogen, Axogen Corporation, Axogen Processing Corp., lender TPC Investments II LP, admin agent Argo SA LLC.
- Loan agreement otherwise unchanged; guarantees and security interests reaffirmed.
- Amendment effective upon execution; conditions included lender consent and payment of documented expenses.