Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
MYERS INDUSTRIES INC incurred term loan of $400 million with JPMorgan Chase Bank, National Association, as administrative agent, and the lenders party thereto at 1.775% to 2.35% for Term SOFR, RFR, SONIA, EURIBOR and CORRA based loans and bet maturing fifth anniversary of the Amendment.
- Instrument
- term loan
- Principal
- $400 million
- Counterparty
- JPMorgan Chase Bank, National Association, as administrative agent, and the lenders party thereto
- Rate
- 1.775% to 2.35% for Term SOFR, RFR, SONIA, EURIBOR and CORRA based loans and bet
- Maturity
- fifth anniversary of the Amendment
- Event
- incurrence
Exact text from the filing
permit a new term loan facility (the “Term Loan Facility”) in the aggregate principal amount of $400 million (the “Term Loans”) as an Incremental Term Loan (as defined in the Existing Loan Agreement)
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Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
MYERS INDUSTRIES INC amended credit facility with JPMorgan Chase Bank, National Association, as administrative agent, and the lenders party thereto at increase the applicable margins for the loans under the Amended Loan Agreement a.
- Instrument
- credit facility
- Counterparty
- JPMorgan Chase Bank, National Association, as administrative agent, and the lenders party thereto
- Rate
- increase the applicable margins for the loans under the Amended Loan Agreement a
- Event
- amendment
Exact text from the filing
increase the applicable margins for the loans under the Amended Loan Agreement and such increase shall range between 1.775% to 2.35% for Term SOFR, RFR, SONIA, EURIBOR and CORRA based loans and between 0.775% and 1.35% for base rate loans
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
MYERS INDUSTRIES INC amended Amendment No. 1 to Seventh Amended and Restated Loan Agreement with JPMorgan Chase Bank, National Association, as administrative agent, and the existing and new financial institutions party thereto as lenders valued at $400 million (effective 2024-02-08).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- JPMorgan Chase Bank, National Association, as administrative agent, and the existing and new financial institutions party thereto as lenders
- Value
- $400 million
- Effective
- 2024-02-08
Exact text from the filing
On February 8, 2024, Myers Industries, Inc. (the “Company”), MYE Canada Operations Inc. and Scepter Canada Inc., each as foreign subsidiary borrowers (together with the Company, collectively, the “Borrowers”) amended that certain Seventh Amended and Restated Loan Agreement, dated as of September 29, 2022, among the Borrowers, the other foreign subsidiary borrowers party thereto from time to time, JPMorgan Chase Bank, National Association, as administrative agent (the “Administrative Agent”), and the certain financial institutions party thereto as lenders (the “Existing Loan Agreement”) pursuant to the Amendment No. 1 to Seventh Amended and Restated Loan Agreement, dated as of February 8, 2024, among the Borrowers, the Administrative Agent, and the existing and new financial institutions party thereto as lenders (the “Amendment", and the Existing Loan Agreement, as amended pursuant to the Amendment being referred to herein as the “Amended Loan Agreement”).
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