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8-K filed February 28, 2023, 6:59 PM ET ticker SCHL CIK 0000866729
debt confidence high sentiment neutral materiality 0.20

Scholastic amends credit agreement to replace LIBOR with SOFR

SCHOLASTIC CORP

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

SCHOLASTIC CORP amended First and Second Amendments to its Amended and Restated Credit Agreement with the lenders, Truist Bank, Wells Fargo Bank, National Association, and Bank of America, N.A. (effective 2023-02-28).

Action
amendment
Agreement
credit facility
Counterparty
the lenders, Truist Bank, Wells Fargo Bank, National Association, and Bank of America, N.A.
Effective
2023-02-28
Exact text from the filing
On February 28, 2023, Scholastic Corporation (the “Corporation”) and its principal operating subsidiary, Scholastic Inc., as borrowers, entered into the First and Second Amendments to its Amended and Restated Credit Agreement dated as of October 27, 2021 (the “Credit Agreement”) with the lenders from time to time party thereto, Truist Bank and Wells Fargo Bank, National Association, as co-syndication agents and Bank of America, N.A., as administrative agent (collectively the "Amendments").
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Source: SEC EDGAR
accession 0000866729-23-000002
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