Performance Food Group amends credit facility to replace LIBOR with SOFR benchmark

Performance Food Group Co

First Amendment to ABL Facility effective April 17, 2023, transitions benchmark from LIBOR to term SOFR.
Borrowings now bear interest at Base Rate (floor 0.00%) or Adjusted Term SOFR plus a spread.
Unused commitment fee set at 0.250% per annum.
Wells Fargo Bank continues as administrative and collateral agent under the amended facility.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Performance Food Group Co amended First Amendment to Fifth Amended and Restated Credit Agreement with Wells Fargo Bank, National Association, as Administrative Agent and Collateral Agent, and the other lenders party thereto (effective 2023-04-17).

Action: amendment
Agreement: credit facility
Counterparty: Wells Fargo Bank, National Association, as Administrative Agent and Collateral Agent, and the other lenders party thereto
Effective: 2023-04-17

Exact text from the filing

On April 17, 2023, PFGC, Inc. and Performance Food Group, Inc., each a wholly-owned subsidiary of Performance Food Group Company (the “Company”), entered into the First Amendment to Fifth Amended and Restated Credit Agreement (the “First Amendment”) with Wells Fargo Bank, National Association, as Administrative Agent and Collateral Agent, and the other lenders party thereto.

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Source: SEC EDGAR

accession 0000950170-23-013296

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