Hudson Technologies enters $85M term loan, increases ABL to $90M; two directors resign

HUDSON TECHNOLOGIES INC /NY

New $85M term loan from TCW Asset Management; prior $63.9M term loan repaid with $3.3M fees
ABL facility amended to $90M total: $15M FILO tranche (TCW) plus $75M revolving (Wells Fargo)
Effective interest rate on new term loan ~3% lower than prior facility; excess availability >$50M
Directors Jill K. Frizzley and Richard D. Caruso resigned upon closing of new term loan
Bylaws amended to eliminate special director provisions added under prior term loan

item 1.01 item 2.03 item 1.02 item 5.02 item 5.03 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Richard D. Caruso

Director

HDSN · HUDSON TECHNOLOGIES INC /NY

Effective: 2022-03-02
Filed: March 3, 2022, 6:59 PM ET

Upon closing of the Term Loan Facility and termination of the Prior Term Loan Facility, on March 2, 2022, Jill K. Frizzley and Richard D. Caruso resigned from the Board of Directors of the Company.

Departed

Jill K. Frizzley

Director

HDSN · HUDSON TECHNOLOGIES INC /NY

Effective: 2022-03-02
Filed: March 3, 2022, 6:59 PM ET

Upon closing of the Term Loan Facility and termination of the Prior Term Loan Facility, on March 2, 2022, Jill K. Frizzley and Richard D. Caruso resigned from the Board of Directors of the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Richard D. Caruso resigned as Director at HUDSON TECHNOLOGIES INC /NY.

Action: resigned
Role: Director

Exact text from the filing

Upon closing of the Term Loan Facility and termination of the Prior Term Loan Facility, on March 2, 2022, Jill K. Frizzley and Richard D. Caruso resigned from the Board of Directors of the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jill K. Frizzley resigned as Director at HUDSON TECHNOLOGIES INC /NY.

Action: resigned
Role: Director

Exact text from the filing

Upon closing of the Term Loan Facility and termination of the Prior Term Loan Facility, on March 2, 2022, Jill K. Frizzley and Richard D. Caruso resigned from the Board of Directors of the Company.

View on SEC.gov

HUDSON TECHNOLOGIES INC /NY filing history →

Source: SEC EDGAR

accession 0001104659-22-029762

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