Simply Good Foods reprices term loans, cuts margin by 75 bps, extends maturity to 2027

Simply Good Foods Co

SOFR-based loan margin reduced from 3.25% to 2.50%; ABR-based from 2.25% to 1.50%.
Term maturity extended to March 17, 2027.
Prepayment premium reset for repricing transactions within six months.
Barclays Bank PLC serves as Replacement Lender; non-consenting lenders assigned to Barclays.
Amendment effective April 25, 2023 after satisfaction of all conditions.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Simply Good Foods Co amended Repricing Amendment with Barclays Bank PLC, as administrative agent (effective 2023-04-25).

Action: amendment
Agreement: credit facility
Counterparty: Barclays Bank PLC, as administrative agent
Effective: 2023-04-25

Exact text from the filing

On April 25, 2023, Simply Good Foods USA, Inc., a wholly owned, indirect subsidiary of The Simply Good Foods Company (the “ Administrative Borrower ”), entered into that certain Repricing Amendment (the “ Amendment ”) to the Credit Agreement, dated as of July 7, 2017, among Conyers Park Acquisition Corp., Atkins Intermediate Holdings, LLC, the Administrative Borrower, the other Borrowers party thereto and Barclays Bank PLC, as administrative agent thereunder (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “ Credit Agreement ”).

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Source: SEC EDGAR

accession 0001104659-23-051350

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