Leslie's, Inc. (LESL): debt financing — Leslie's amends credit agreement, extends revolver to 2029; legal officer resigns

Leslie's, Inc.

Amended Revolving Credit Facility maturity extended to April 3, 2029; margin on Term SOFR and base rate loans revised.
JPMorgan Chase Bank, N.A. added as a new lender with a Revolving Credit Commitment under the amended facility.
Brad Gazaway to step down as Chief Legal, Real Estate & Sustainability Officer & Corporate Secretary effective April 16, 2024; will serve as Special Advisor to CEO through Dec 31, 2024.
No event of default or material adverse effect since September 30, 2023; company reaffirms all guarantees and security interests.

item 1.01 item 2.03 item 5.02 item 9.01

Executive movements

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Role change

Brad Gazaway

Chief Legal, Real Estate & Sustainability Officer & Corporate Secretary

LESL · Leslie's, Inc.

Effective: 2024-04-16
Filed: April 9, 2024, 7:59 PM ET

Brad Gazaway will be stepping down from his position as Chief Legal, Real Estate & Sustainability Officer & Corporate Secretary of the Company effective April 16, 2024

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

Leslie's, Inc. amended revolving credit of not specified with Bank of America, N.A. at revised the applicable margin on Term SOFR and base rate loans maturing extend the maturity date for the Revolving Credit Facility to April 3, 2029.

Instrument: revolving credit
Principal: not specified
Counterparty: Bank of America, N.A.
Rate: revised the applicable margin on Term SOFR and base rate loans
Maturity: extend the maturity date for the Revolving Credit Facility to April 3, 2029
Event: amendment

Exact text from the filing

Amendment No. 7 amended the Credit Agreement to, among other things, in respect of the revolving credit facility thereunder (the “Revolving Credit Facility”), (a) extend the maturity date for the Revolving Credit Facility to April 3, 2029 and, (b) revise the applicable margin on Term SOFR and base rate loans.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Brad Gazaway resigned as Chief Legal, Real Estate & Sustainability Officer & Corporate Secretary at Leslie's, Inc..

Action: resigned
Role: Chief Legal, Real Estate & Sustainability Officer & Corporate Secretary

Exact text from the filing

Brad Gazaway will be stepping down from his position as Chief Legal, Real Estate & Sustainability Officer & Corporate Secretary of the Company effective April 16, 2024

View on SEC.gov

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

Leslie's, Inc. amended Amendment No. 7 with Bank of America, N.A. and U.S. Bank National Association (effective 2024-04-03).

Action: amendment
Agreement: credit facility
Counterparty: Bank of America, N.A. and U.S. Bank National Association
Effective: 2024-04-03

Exact text from the filing

On April 3, 2024, Leslie’s Poolmart, Inc., Leslie’s, Inc., and the subsidiary borrowers named therein (collectively, the “Company”), Bank of America, N.A., as administrative agent, and U.S. Bank National Association, as co-collateral agent, entered into an Amendment No. 7 (“Amendment No. 7”) to the Company’s Credit Agreement dated October 16, 2012

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299 debt financings filed in the last 30 days. Browse all debt financings →

Leslie's, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-24-042982

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