Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
GLOBAL INDUSTRIAL Co amended revolving credit of $125 million with JPMorgan Chase Bank, N.A., as Administrative Agent.
- Instrument
- revolving credit
- Principal
- $125 million
- Counterparty
- JPMorgan Chase Bank, N.A., as Administrative Agent
- Event
- amendment
Exact text from the filing
The Amendment amends the Credit Agreement to, inter alia , increase the aggregate revolver commitment from $75 million to $125 million and make related adjustments to the borrowing base and certain financial, reporting and other select covenants.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
GLOBAL INDUSTRIAL Co amended Amendment No. 3 with JPMorgan Chase Bank, N.A., as Administrative Agent, Sole Bookrunner and Sole Lead Arranger, and the lenders from time to time party thereto valued at $125 million (effective 2022-11-29).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- JPMorgan Chase Bank, N.A., as Administrative Agent, Sole Bookrunner and Sole Lead Arranger, and the lenders from time to time party thereto
- Value
- $125 million
- Effective
- 2022-11-29
Exact text from the filing
On November 29, 2022, Global Industrial Company (the "Company") and certain of its direct and indirect wholly-owned subsidiaries (together with the Company, the “Borrowers”) entered into Amendment No. 3 (the "Amendment") to the Third Amended and Restated Credit Agreement, dated as of October 28, 2016 (as previously amended by Amendment No. 1 dated as of October 19, 2021 and Amendment No. 2 dated as of June 28, 2022) with JPMorgan Chase Bank, N.A., as Administrative Agent, Sole Bookrunner and Sole Lead Arranger, and the lenders from time to time party thereto (the “Credit Agreement”). The Amendment amends the Credit Agreement to, inter alia , increase the aggregate revolver commitment from $75 million to $125 million and make related adjustments to the borrowing base and certain financial, reporting and other select covenants.
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