Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 1.0
ARMSTRONG WORLD INDUSTRIES INC incurred term loan of $450 million with Bank of America, N.A. at Term SOFR plus 1.625% (initial) maturing December 7, 2027.
- Instrument
- term loan
- Principal
- $450 million
- Counterparty
- Bank of America, N.A.
- Rate
- Term SOFR plus 1.625% (initial)
- Maturity
- December 7, 2027
- Event
- incurrence
Exact text from the filing
The Second Amended and Restated Credit Agreement provides AWI with a $500 million revolving credit facility (the “Revolving Credit Facility”), with sublimits for letters of credit and swing line loans, and a $450 million term loan (the “Term Loan”).
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Debt Financings
SEC 8-K Item 2.03/2.04
confidence 1.0
ARMSTRONG WORLD INDUSTRIES INC incurred revolving credit of $500 million with Bank of America, N.A. at Term SOFR plus 1.625% (initial) maturing December 7, 2027.
- Instrument
- revolving credit
- Principal
- $500 million
- Counterparty
- Bank of America, N.A.
- Rate
- Term SOFR plus 1.625% (initial)
- Maturity
- December 7, 2027
- Event
- incurrence
Exact text from the filing
The Second Amended and Restated Credit Agreement provides AWI with a $500 million revolving credit facility (the “Revolving Credit Facility”), with sublimits for letters of credit and swing line loans, and a $450 million term loan (the “Term Loan”).
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
ARMSTRONG WORLD INDUSTRIES INC amended Second Amended and Restated Credit Agreement with Bank of America, N.A., as the administrative agent, the collateral agent, a letter of credit issuer and the swing line lender, Citizens Bank, N.A., Manufacturers & Traders Trust Company, PNC Bank, National Association, TD Bank, N.A., and Truist Bank, as co-syndication agents, JPMorgan Chase Bank, N. valued at $500 million revolving credit facility and $450 million term loan (effective 2022-12-07).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Bank of America, N.A., as the administrative agent, the collateral agent, a letter of credit issuer and the swing line lender, Citizens Bank, N.A., Manufacturers & Traders Trust Company, PNC Bank, National Association, TD Bank, N.A., and Truist Bank, as co-syndication agents, JPMorgan Chase Bank, N.
- Value
- $500 million revolving credit facility and $450 million term loan
- Effective
- 2022-12-07
Exact text from the filing
On December 7, 2022 (the “Closing Date”), Armstrong World Industries, Inc. (“AWI”) entered into a second amended and restated credit agreement (the “Second Amended and Restated Credit Agreement”), by and among AWI, certain subsidiaries of AWI identified therein as guarantors, Bank of America, N.A., as the administrative agent, the collateral agent, a letter of credit issuer and the swing line lender, Citizens Bank, N.A., Manufacturers & Traders Trust Company, PNC Bank, National Association, TD Bank, N.A., and Truist Bank, as co-syndication agents, JPMorgan Chase Bank, N.A., The Bank of Nova Scotia, and First National Bank of Pennsylvania, as co-documentation agents, BofA Securities, Inc., Citizens Bank, N.A., Manufacturers & Traders Trust Company, PNC Capital Markets, LLC, TD Bank, N.A., and Truist Securities, Inc., as joint lead arrangers and joint bookrunners and the other lenders and letter of credit issuers party thereto.
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