Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
C. H. ROBINSON WORLDWIDE, INC. amended credit facility of $500 million committed; $750 million aggregate funding (including $250 million increase under optional accordion feature with Bank of America, N.A.; Wells Fargo Bank, National Association at Replaced Bloomberg Short-Term Yield Index rate with Term SOFR maturing Extended to November 7, 2025.
- Instrument
- credit facility
- Principal
- $500 million committed; $750 million aggregate funding (including $250 million increase under optional accordion feature
- Counterparty
- Bank of America, N.A.; Wells Fargo Bank, National Association
- Rate
- Replaced Bloomberg Short-Term Yield Index rate with Term SOFR
- Maturity
- Extended to November 7, 2025
- Event
- amendment
Exact text from the filing
to Term SOFR, (ii) extends the termination date of the facility to November 7, 2025 and (iii) increases the funding available to CHRR under the optional accordion feature by $250 million, thereby increasing the aggregate funding available to CHRR under the Facility to $750 million pursuant to the provisions of the RPA, as amended by the RPA Amendment. The
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
C. H. ROBINSON WORLDWIDE, INC. amended RPA Amendment with Bank of America, N.A. and Wells Fargo Bank, National Association valued at $250 million (effective 2023-11-07).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Bank of America, N.A. and Wells Fargo Bank, National Association
- Value
- $250 million
- Effective
- 2023-11-07
Exact text from the filing
the RPA Amendment primarily (i) replaces the applicable rate for calculation of yield from the Bloomberg Short-Term Yield Index rate to Term SOFR, (ii) extends the termination date of the facility to November 7, 2025 and (iii) increases the funding available to CHRR under the optional accordion feature by $250 million
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