debt
confidence high
sentiment neutral
materiality 0.50
KinderCare reprices first lien term loans to SOFR+2.75% and revolver to SOFR+2.00-2.50%
KinderCare Learning Companies, Inc.
- First Lien Term Loan Facility now bears Term SOFR plus 2.75% per annum effective July 1, 2025.
- First Lien Revolving Credit Facility drawn amounts at Term SOFR plus 2.00-2.50% based on net leverage ratio; letters of credit at same rates.
- Soft call protection of 1.00% reset for six months on repriced term loans; all other credit agreement terms unchanged.
- Repricing executed via amendment to existing June 2023 credit agreement; subsidiary KUEHG Corp. is borrower.
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