---
schema_version: "secwatch.filing_event.v1"
accession: "0000945114-22-000077"
form_type: "8-K"
ticker: "GIC"
cik: "0000945114"
company_name: "GLOBAL INDUSTRIAL Co"
filed_at: "2022-12-02T23:59:59+00:00"
generated_at: "2026-06-21T10:33:37.832594+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Global Industrial increases revolver to $125M from $75M in credit agreement amendment

## Summary
- Revolver commitment raised to $125 million from $75 million under Amendment No. 3 dated November 29, 2022.
- JPMorgan Chase Bank continues as Administrative Agent; borrowing base and select covenants adjusted.
- Credit agreement transitions from LIBOR to Term SOFR and Daily Simple SOFR benchmark rates.
- Amendment signed by Global Industrial and subsidiaries as borrowers; conditions precedent satisfied including lien searches and legal fees.

## SEC filing metadata
- accession: 0000945114-22-000077
- form_type: 8-K
- ticker: GIC
- cik: 0000945114
- company_name: GLOBAL INDUSTRIAL Co
- filed_at: 2022-12-02T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/945114/000094511422000077/0000945114-22-000077-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/945114/000094511422000077/gic-20221129.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000945114-22-000077
- JSON: https://secwatch.observer/filing/0000945114-22-000077.json
- Plain text: https://secwatch.observer/filing/0000945114-22-000077.txt

## Key facts
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/945114/000094511422000077/0000945114-22-000077-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/945114/000094511422000077/0000945114-22-000077-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.