secwatch.observer — SEC 8-K summary
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Issuer:     Gates Industrial Corp plc (GTES)
CIK:        0001718512
Form:       8-K
Filed at:   2022-11-21T23:59:59+00:00
Accession:  0001104659-22-120754
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1718512/000110465922120754/0001104659-22-120754-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1718512/000110465922120754/tm2230783d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-120754

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