secwatch.observer — SEC 8-K summary
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Issuer:     GLOBAL INDUSTRIAL Co (GIC)
CIK:        0000945114
Form:       8-K
Filed at:   2022-12-02T23:59:59+00:00
Accession:  0000945114-22-000077
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/945114/000094511422000077/0000945114-22-000077-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/945114/000094511422000077/gic-20221129.htm
  HTML page:      https://secwatch.observer/filing/0000945114-22-000077

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