Gates amends credit facilities: revolver up to $250M, ABL down to $250M; maturity extended to 2026

Gates Industrial Corp plc

Cash flow revolver commitments increased from $185M to $250M; maturity extended to earlier of Nov 2026 or springing date.
ABL facility commitments reduced from $325M to $250M; maturity also extended to earlier of Nov 2026 or springing date.
Amendments executed November 18, 2021; effective immediately upon satisfaction of conditions.
Six banks appointed as L/C issuers under the amended cash flow revolver; loan parties reaffirmed collateral and guarantees.

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