Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
TRINET GROUP, INC. amended Third Amendment to Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent valued at amends 2021 Credit Agreement to replace LIBOR-based interest rate with Term SOFR-based interest rate (effective 2023-05-22).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- JPMorgan Chase Bank, N.A., as administrative agent
- Value
- amends 2021 Credit Agreement to replace LIBOR-based interest rate with Term SOFR-based interest rate
- Effective
- 2023-05-22
Exact text from the filing
On May 22, 2023, TriNet USA, Inc., as borrower (the “Borrower”), TriNet Group, Inc., as guarantor (the “Company”), and the other loan parties party thereto, each of which is a wholly owned domestic subsidiary of the Borrower, entered into the Third Amendment to Credit Agreement (the “Amendment”) with JPMorgan Chase Bank, N.A., as administrative agent (the “Administrative Agent”), which amends certain provisions of the Credit Agreement, dated as of February 26, 2021, by and among the Borrower, the Company, the other loan parties party thereto, the lenders party thereto and the Administrative Agent (as amended, supplemented or modified, the “2021 Credit Agreement”).
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