Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Advantage Solutions Inc. amended term loan with Bank of America, N.A. at reducing the applicable interest rate margin on the term loan (a) for Term SOFR.
- Instrument
- term loan
- Counterparty
- Bank of America, N.A.
- Rate
- reducing the applicable interest rate margin on the term loan (a) for Term SOFR
- Event
- amendment
Exact text from the filing
The Third Amendment was entered into by the Borrower to amend certain terms and provisions, including: (i) reducing the applicable interest rate margin on the term loan (a) for Term SOFR Loans (as defined in the amended First Lien Credit Agreement), from 4.50% to 4.25% or (b) for Base Rate Loans (as defined in the amended First Lien Credit Agreement), from 3.50% to 3.25%; and (ii) resetting the period for six months following the Third Amendment Effective Date in which a 1.00% prepayment premium shall apply to any prepayment of the term loans in connection with a Repricing Event
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Advantage Solutions Inc. amended Third Amendment with Bank of America, N.A. (effective 2024-04-17).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Bank of America, N.A.
- Effective
- 2024-04-17
Exact text from the filing
On April 17, 2024 (the “ Third Amendment Effective Date ”), Advantage Sales & Marketing Inc. (the “ Borrower ”), an indirect wholly-owned subsidiary of Advantage Solutions Inc. (the “ Company ”), together with Karman Intermediate Corp., a Delaware corporation (“ Holdings ”) and certain of the Borrower’s subsidiaries, entered into Amendment No. 3 to the First Lien Credit Agreement (the “ Third Amendment ”), which amends the First Lien Credit Agreement, dated as of October 28, 2020
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