Mettler-Toledo amends $1.25B credit facility, replaces LIBOR with SOFR, adds Safeline as borrower

METTLER TOLEDO INTERNATIONAL INC/

Amendment No. 6 to $1.25B unsecured revolving credit facility, dated May 17, 2023.
Replaces London Inter-Bank Offered Rate (LIBOR) with Secured Overnight Financing Rate (SOFR) as interest rate benchmark.
Adds Mettler-Toledo Safeline Limited (English company) as an additional borrower.
Adjusts certain other provisions to reflect current documentation standards.

Key facts

Extracted from this filing and checked against the source text.

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

METTLER TOLEDO INTERNATIONAL INC/ amended Amendment No. 6 with JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto (effective 2023-05-17).

Action: amendment
Agreement: credit facility
Counterparty: JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto
Effective: 2023-05-17

Exact text from the filing

On May 17, 2023, Mettler Toledo International Inc. (the “Company”) and certain of its subsidiaries (together with the Company, the “Borrowers”), entered into amendment No. 6 (the “Amendment”) to the revolving credit agreement governing the Company’s unsecured revolving credit facility, dated as of December 20, 2011 (the “Credit Agreement”) by and among the Borrowers, JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto.

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Source: SEC EDGAR

accession 0001037646-23-000016

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