Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
TENNANT CO amended credit facility with JPMorgan Chase Bank, N.A., as administrative agent at Term SOFR Rate plus a credit spread adjustment of 0.10% per annum, but in any ca.
- Instrument
- credit facility
- Counterparty
- JPMorgan Chase Bank, N.A., as administrative agent
- Rate
- Term SOFR Rate plus a credit spread adjustment of 0.10% per annum, but in any ca
- Event
- amendment
Exact text from the filing
The Amendment updates the benchmark provisions to replace LIBOR with Term SOFR as the reference rate for purposes of calculating interest under the 2021 Credit Agreement.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
TENNANT CO amended Amendment No. 1 with JPMorgan Chase Bank, N.A. and the other financial institutions party thereto (effective 2022-11-10).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- JPMorgan Chase Bank, N.A. and the other financial institutions party thereto
- Effective
- 2022-11-10
Exact text from the filing
On November 10, 2022, Tennant Company (the “Company”) entered into an Amendment No. 1 (the “Amendment”) with the financial institutions party thereto and JPMorgan Chase Bank, N. A., as administrative agent (the “Agent”) to amend that certain Amended and Restated Credit Agreement dated as of April 5, 2021 by and among the Company, the Foreign Subsidiary Borrowers from time to time party thereto, the financial institutions from time to time party thereto and the Agent (the “2021 Credit Agreement”)
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