Simply Good Foods reprices term loans, reduces interest rate and transitions to SOFR

Simply Good Foods Co

Repricing Amendment lowers Applicable Rate on Initial Term Loans and resets prepayment premium for six months.
Credit Agreement amended to implement SOFR-based interest rate provisions.
Existing Term Lenders convert, sell loans, or assign; Barclays acts as Replacement Lender.
Board adopted amended Executive Severance Plan; no change to payout formulas.
At annual meeting, all director nominees elected; say-on-pay received 18.9M against votes (~21% of votes cast).

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