Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
HELIOS TECHNOLOGIES, INC. incurred term loan of $150.0 million with PNC Bank, National Association at SOFR (subject to a 0% floor) for the applicable interest period plus a 0.10% SOF maturing October 28, 2025.
- Instrument
- term loan
- Principal
- $150.0 million
- Counterparty
- PNC Bank, National Association
- Rate
- SOFR (subject to a 0% floor) for the applicable interest period plus a 0.10% SOF
- Maturity
- October 28, 2025
- Event
- incurrence
Exact text from the filing
the Company incurred a new senior secured term loan A-2 (the "Term Loan A-2") in an aggregate principal amount of $150.0 million.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
HELIOS TECHNOLOGIES, INC. amended Incremental Facility Amendment with PNC Bank, National Association, as administrative agent, and the various lenders party thereto valued at $150.0 million (effective 2023-05-17).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- PNC Bank, National Association, as administrative agent, and the various lenders party thereto
- Value
- $150.0 million
- Effective
- 2023-05-17
Exact text from the filing
On May 17, 2023, Helios Technologies, Inc., a Florida corporation (“Helios” or the “Company”), and certain of its guarantor subsidiaries entered into an Incremental Facility Amendment with PNC Bank, National Association (“PNC Bank”), as administrative agent, and the various lenders party thereto (the “Incremental Facility Amendment”).
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