Emerald extends term loan maturity to 2026, raises interest rate to SOFR+5.00%+0.10%

Emerald Holding, Inc.

Extended term loan maturity from May 2024 to May 2026; $415M principal unchanged.
Interest rate replaces LIBOR+2.50-2.75% with Term SOFR+5.00%+0.10% or ABR+4.00%.
Prepayment premium: 2% if repriced within 12 months, 1% between 12-18 months; none after 18 months.
Quarterly amortization reset to 0.25% of original principal amount.
Revolving facility interest rates and commitments unchanged.

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

Emerald Holding, Inc. amended Sixth Amendment to Amended and Restated Credit Agreement with Bank of America, N.A., as administrative agent valued at approximately $415 million (effective 2023-06-12).

Action: amendment
Agreement: credit facility
Counterparty: Bank of America, N.A., as administrative agent
Value: approximately $415 million
Effective: 2023-06-12

Exact text from the filing

On June 12, 2023 (the “ Effective Date ”), Emerald X, Inc. (the “ Borrower ”), a wholly-owned subsidiary of Emerald Holding, Inc. (the “ Company ”), entered into a Sixth Amendment to Amended and Restated Credit Agreement (the “ Amendment ”), by and among the Borrower, the guarantors party thereto, the lenders party thereto and Bank of America, N.A., as administrative agent, which amends that certain Amended and Restated Credit Agreement, dated as of May 22, 2017

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Emerald Holding, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-23-027569

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