Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
REGAL REXNORD CORP amended revolving credit of $70,000,000 with JPMorgan Chase Bank, N.A. (as Administrative Agent) at Not specified maturing Refer to Credit Agreement.
- Instrument
- revolving credit
- Principal
- $70,000,000
- Counterparty
- JPMorgan Chase Bank, N.A. (as Administrative Agent)
- Rate
- Not specified
- Maturity
- Refer to Credit Agreement
- Event
- amendment
Exact text from the filing
Among other things, as more fully set forth therein, the Assumption Agreement (i) establishes incremental term loan commitments of $240,000,000 (the “Incremental Term Loan Commitments”), to be funded in connection with the closing of the proposed transaction pursuant to the Agreement and Plan of Merger, among the Company, Aspen Sub, Inc. (“Merger Sub”), a wholly owned subsidiary of the Company, and Altra Industrial Motion Corp. (“Altra”), with respect to a merger of Merger Sub with and into Altra with Altra surviving the merger as a wholly owned subsidiary of the Company (the “Proposed Transaction”), which upon funding will be the same class of term A-1 loans as under the Credit Agreement and (ii) provides an increase of $70,000,000 in the aggregate principal amount of the revolving commitments under the Credit Agreement upon consummation of the Proposed Transaction.
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Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
REGAL REXNORD CORP amended term loan of $240,000,000 with JPMorgan Chase Bank, N.A. (as Administrative Agent) at Not specified maturing Refer to Credit Agreement.
- Instrument
- term loan
- Principal
- $240,000,000
- Counterparty
- JPMorgan Chase Bank, N.A. (as Administrative Agent)
- Rate
- Not specified
- Maturity
- Refer to Credit Agreement
- Event
- amendment
Exact text from the filing
Among other things, as more fully set forth therein, the Assumption Agreement (i) establishes incremental term loan commitments of $240,000,000 (the “Incremental Term Loan Commitments”), to be funded in connection with the closing of the proposed transaction pursuant to the Agreement and Plan of Merger, among the Company, Aspen Sub, Inc. (“Merger Sub”), a wholly owned subsidiary of the Company, and Altra Industrial Motion Corp. (“Altra”), with respect to a merger of Merger Sub with and into Altra with Altra surviving the merger as a wholly owned subsidiary of the Company (the “Proposed Transaction”), which upon funding will be the same class of term A-1 loans as under the Credit Agreement and (ii) provides an increase of $70,000,000 in the aggregate principal amount of the revolving commitments under the Credit Agreement upon consummation of the Proposed Transaction.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
REGAL REXNORD CORP entered into Incremental Assumption Agreement with JPMorgan Chase Bank, N.A. as administrative agent valued at Incremental term loan commitments of $240,000,000 and increase of $70,000,000 in revolving commitmen (effective 2022-11-30).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- JPMorgan Chase Bank, N.A. as administrative agent
- Value
- Incremental term loan commitments of $240,000,000 and increase of $70,000,000 in revolving commitmen
- Effective
- 2022-11-30
Exact text from the filing
Among other things, as more fully set forth therein, the Assumption Agreement (i) establishes incremental term loan commitments of $240,000,000 (the “Incremental Term Loan Commitments”), to be funded in connection with the closing of the proposed transaction pursuant to the Agreement and Plan of Merger, among the Company, Aspen Sub, Inc. (“Merger Sub”), a wholly owned subsidiary of the Company, and Altra Industrial Motion Corp. (“Altra”), with respect to a merger of Merger Sub with and into Altra with Altra surviving the merger as a wholly owned subsidiary of the Company (the “Proposed Transaction”), which upon funding will be the same class of term A-1 loans as under the Credit Agreement and (ii) provides an increase of $70,000,000 in the aggregate principal amount of the revolving commitments under the Credit Agreement upon consummation of the Proposed Transaction.
View on SEC.gov