secwatch.observer — SEC 8-K summary
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Issuer:     Gates Industrial Corp plc (GTES)
CIK:        0001718512
Form:       8-K
Filed at:   2021-11-22T23:59:59+00:00
Accession:  0001104659-21-142139
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1718512/000110465921142139/0001104659-21-142139-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1718512/000110465921142139/tm2133442d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-142139

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