---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-120754"
form_type: "8-K"
ticker: "GTES"
cik: "0001718512"
company_name: "Gates Industrial Corp plc"
filed_at: "2022-11-21T23:59:59+00:00"
generated_at: "2026-06-21T15:08:20.458228+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Gates Industrial enters $575M dollar term loan amendment, repaying euro term loans

## Summary
- Subsidiaries entered Amendment No. 6, establishing $575.0M Initial B-4 Dollar Term Loans.
- Proceeds used to repay in full outstanding euro-denominated Initial B-2 Euro Term Loans.
- New loans bear interest at Term SOFR + 3.50% (0.50% floor) or base rate + 2.50%; mature Nov 2029.
- Quarterly amortization at 1% p.a. of initial principal; prepayment premium applies for repricing within six months.
- Gates Corporation added as co-borrower alongside Gates Global LLC.

## SEC filing metadata
- accession: 0001104659-22-120754
- form_type: 8-K
- ticker: GTES
- cik: 0001718512
- company_name: Gates Industrial Corp plc
- filed_at: 2022-11-21T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1718512/000110465922120754/0001104659-22-120754-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1718512/000110465922120754/tm2230783d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-120754
- JSON: https://secwatch.observer/filing/0001104659-22-120754.json
- Plain text: https://secwatch.observer/filing/0001104659-22-120754.txt

## Key facts
- Debt Financings
  Gates Industrial Corp plc amended term loan of $575.0 million with Credit Suisse AG, Cayman Islands Branch at Term SOFR plus 3.50% per annum maturing November 2029.
  - Instrument: term loan
  - Principal: $575.0 million
  - Counterparty: Credit Suisse AG, Cayman Islands Branch
  - Rate: Term SOFR plus 3.50% per annum
  - Maturity: November 2029
  - Event: amendment
  source text: Amendment No. 6, among other things, refinanced and replaced the Borrower’s outstanding euro denominated term loans with a new class of $575.0 million of dollar denominated term loans (the “Initial B-4 Dollar Term Loans”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1718512/000110465922120754/0001104659-22-120754-index.htm
- Material Agreements
  Gates Industrial Corp plc amended Amendment No. 6 with Credit Suisse AG, Cayman Islands Branch as administrative agent and collateral agent, and the other parties and lenders party thereto valued at $575.0 million (effective 2022-11-16).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Credit Suisse AG, Cayman Islands Branch as administrative agent and collateral agent, and the other parties and lenders party thereto
  - Value: $575.0 million
  - Effective: 2022-11-16
  source text: On November 16, 2022, certain subsidiaries of Gates Industrial Corporation plc entered into Amendment No. 6 (“Amendment No. 6”) to the Credit Agreement, dated as of July 3, 2014 (as amended by Amendment No. 1, dated as of April 7, 2017, Amendment No. 2, dated as of November 22, 2017, Amendment No. 3, dated as of January 24, 2018, Amendment No. 4, dated as of February 24, 2021, and Amendment No. 5, dated as of November 18, 2021), among Gates Global LLC (the “Borrower”), Omaha Holdings LLC and certain subsidiaries of the Borrower as guarantors, Credit Suisse AG, Cayman Islands Branch as administrative agent and collateral agent, and the other parties and lenders party thereto (as amended, the “Credit Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1718512/000110465922120754/0001104659-22-120754-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.