Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.99
ALBANY INTERNATIONAL CORP /DE/ incurred revolving credit of $800 million with JPMorgan Chase Bank, N.A., as Administrative Agent and a Lender at Term SOFR plus a spread based on the Registrant’s leverage ratio and a pricing g maturing August 16, 2028.
- Instrument
- revolving credit
- Principal
- $800 million
- Counterparty
- JPMorgan Chase Bank, N.A., as Administrative Agent and a Lender
- Rate
- Term SOFR plus a spread based on the Registrant’s leverage ratio and a pricing g
- Maturity
- August 16, 2028
- Event
- incurrence
Exact text from the filing
On August 16, 2023, Albany International Corp. (the “Registrant” or the “Company”) entered into a $800 million unsecured Five-Year Revolving Credit Facility Agreement (the “New Agreement”)
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
ALBANY INTERNATIONAL CORP /DE/ entered into $800 million unsecured Five-Year Revolving Credit Facility Agreement with JPMorgan Chase Bank, N.A., as Administrative Agent valued at $800,000,000 (effective 2023-08-16).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- JPMorgan Chase Bank, N.A., as Administrative Agent
- Value
- $800,000,000
- Effective
- 2023-08-16
Exact text from the filing
On August 16, 2023, Albany International Corp. (the “Registrant” or the “Company”) entered into a $800 million unsecured Five-Year Revolving Credit Facility Agreement (the “New Agreement”) among the Company, Albany International Holding (Switzerland) AG, Albany International Europe GmbH and Albany International Canada Corp., as Borrowers, the Lenders party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent and a Lender, which amended and restated the prior amended and restated $700 million Four-Year Revolving Credit Facility Agreement, which we had entered into on October 27, 2020 (the “Prior Agreement”).
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