secwatch.observer — SEC 8-K summary
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Issuer:     Petco Health & Wellness Company, Inc. (WOOF)
CIK:        0001826470
Form:       8-K
Filed at:   2022-12-16T23:59:59+00:00
Accession:  0000950170-22-026686
Event type: debt
Sentiment:  neutral
Materiality: 0.25
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Petco amends credit agreements to replace LIBOR with SOFR-based rates
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- Both First Lien and ABL credit agreements amended to replace LIBOR with Adjusted Term SOFR plus credit spread adjustments (11.448 bps for 1M, 26.161 bps for 3M, 42.826 bps for 6M).
- ABL amendment also corrects section references in definitions of 'Eligible Accounts' and 'Eligible Inventory'.
- No changes to principal amounts, maturity dates, or other material terms; no new borrowings.
- Amendments effective December 12, 2022, with no lender objections received within the specified notice period.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826470/000095017022026686/0000950170-22-026686-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826470/000095017022026686/woof-20221212.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-026686

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