Skyline Champion enters credit amendment to replace LIBOR with SOFR and expands board committee oversight to ESG matters

Champion Homes, Inc.

Entered Amendment No. 1 to Credit Agreement with Wells Fargo to replace LIBOR references with SOFR.
Board amended Audit Committee Charter to oversee environmental risks, sustainability framework, metrics, and performance.
Board amended Compensation Committee Charter to oversee social matters relating to employees and communities.
Both committees will report to the Board at least annually on their additional oversight responsibilities.

item 1.01 item 8.01 item 9.01

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

Champion Homes, Inc. amended Amendment No. 1 with Wells Fargo Bank, National Association (effective 2023-05-18).

Action: amendment
Agreement: credit facility
Counterparty: Wells Fargo Bank, National Association
Effective: 2023-05-18

Exact text from the filing

On May 18, 2023, Skyline Champion Corporation and Champion Home Builders, Inc. entered into Amendment No. 1 (“the Amendment”) with Wells Fargo Bank, National Association, as Administrative Agent, and the other financial institutions party to the Amended and Restated Credit Agreement dated as of July 7, 2021 (“Existing Credit Agreement”).

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Champion Homes, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-23-023464

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