Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
PHIBRO ANIMAL HEALTH CORP incurred term loan of $50,000,000 with Bank of America, N.A., as administrative agent, the 2023 Incremental Term Loan Lenders and the Consenting Lenders at Base Rate for 2023 Incremental Term Loans ranging from 1.00% to 1.75%; Term SOFR maturing April 22, 2026.
- Instrument
- term loan
- Principal
- $50,000,000
- Counterparty
- Bank of America, N.A., as administrative agent, the 2023 Incremental Term Loan Lenders and the Consenting Lenders
- Rate
- Base Rate for 2023 Incremental Term Loans ranging from 1.00% to 1.75%; Term SOFR
- Maturity
- April 22, 2026
- Event
- incurrence
Exact text from the filing
The Second Amendment amends the Existing Credit Agreement to, among other things, (i) incur incremental term loans in an aggregate principal amount of $50,000,000 (the “2023 Incremental Term Loans”) and (ii) add an additional level to the existing Term Loan and Revolving Credit Facility pricing grid.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.98
PHIBRO ANIMAL HEALTH CORP amended Amended and Restated Credit Agreement, as amended by Amendment No. 2 with Bank of America, N.A. valued at incremental term loans in an aggregate principal amount of $50,000,000 (effective 2023-06-16).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Bank of America, N.A.
- Value
- incremental term loans in an aggregate principal amount of $50,000,000
- Effective
- 2023-06-16
Exact text from the filing
Item 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT. On June 16, 2023 (the "Amendment No. 2 Effective Date"), Phibro Animal Health Corporation (the "Company") entered into Amendment No. 2 (the "Second Amendment") to that certain Amended and Restated Credit Agreement, dated as of April 22, 2021 (as amended, restated, amended and restated, supplemented or otherwise modified as of the date hereof, the "Existing Credit Agreement," and, as further amended by the Second Amendment, the "Credit Agreement"), among the Company, certain of its subsidiaries acting as guarantors, Bank of America, N.A., as administrative agent, the 2023 Incremental Term Loan Lenders and the Consenting Lenders (each as defined in the Second Amendment).
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