debt
confidence medium
sentiment neutral
materiality 0.20
Albany International amends credit agreement to replace CDO rate with CORRA for CAD borrowings
ALBANY INTERNATIONAL CORP /DE/
- First Amendment to Amended and Restated Credit Agreement dated June 28, 2024, with JPMorgan Chase as Administrative Agent.
- Replaces CDO Rate benchmark for Canadian Dollar borrowings with Adjusted Term CORRA.
- Credit spread adjustments of 0.29547% for one-month and 0.32138% for three-month interest periods.
- Amendment effective immediately; no other material changes to credit agreement terms.