Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
TUPPERWARE BRANDS CORP amended credit facility of $5.3 million with Wells Fargo Bank, National Association, as administrative agent.
- Instrument
- credit facility
- Principal
- $5.3 million
- Counterparty
- Wells Fargo Bank, National Association, as administrative agent
- Event
- amendment
Exact text from the filing
The Amendment, among other things, (a) provides for a waiver of, inter alia , certain conditions to borrowings set forth in the Credit Agreement, which permitted the Company to make, on the effective date of the Amendment, a single borrowing under the Credit Agreement in the aggregate principal amount of $5.3 million (the proceeds of which were used on such date to pay past-due interest owing by the Company under the Credit Agreement) notwithstanding the existence of each of a default related to such past-due interest and an event of default resulting from the Company’s failure to timely deliver audited financials in respect of the fiscal year ended 2022 under the Credit Agreement
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Executive change
SEC 8-K Item 5.02
confidence 0.95
Brian J. Fox was appointed as Chief Restructuring Officer at TUPPERWARE BRANDS CORP.
- Action
- appointed
- Role
- Chief Restructuring Officer
Exact text from the filing
On May 4, 2023, the Company appointed Brian J. Fox of Alvarez & Marsal North America, LLC (“A&M”) as the Company’s Chief Restructuring Officer.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
TUPPERWARE BRANDS CORP amended Fourth Amendment to Credit Agreement and Limited Waiver of Borrowing Conditions with Wells Fargo Bank, National Association, as administrative agent, and the lenders party thereto (effective 2023-05-05).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Wells Fargo Bank, National Association, as administrative agent, and the lenders party thereto
- Effective
- 2023-05-05
Exact text from the filing
On May 5, 2023, the Company, Tupperware Products AG (together with the Company, collectively, the “Borrowers”), and certain other subsidiaries of the Company entered into the Fourth Amendment to Credit Agreement and Limited Waiver of Borrowing Conditions (the “Amendment”), amending that certain Credit Agreement dated as of November 23, 2021
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