secwatch / observer
8-K filed June 26, 2023, 7:59 PM ET ticker YETI CIK 0001670592
debt confidence high sentiment positive materiality 0.55

YETI Holdings, Inc. (YETI): debt financing — YETI amends credit agreement: maturity extended to 2028, revolver raised to $300M

YETI Holdings, Inc.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

YETI Holdings, Inc. amended credit facility of $300 million Revolving Credit Facility and $84.375 million Term Loan A with Bank of America, N.A. at Term SOFR or Alternate Base Rate plus an applicable rate ranging from 1.75% to 2 maturing June 22, 2028.

Instrument
credit facility
Principal
$300 million Revolving Credit Facility and $84.375 million Term Loan A
Counterparty
Bank of America, N.A.
Rate
Term SOFR or Alternate Base Rate plus an applicable rate ranging from 1.75% to 2
Maturity
June 22, 2028
Event
amendment
Exact text from the filing
credit facility (the “Revolving Credit Facility”) from December 17, 2024 to June 22, 2028; · increase the commitments under the Revolving Credit Facility from $150 million to $300 million; and · refinance and replace the existing term loan with a new $84.375 million term loan maturing on June 22, 2028 (the “Term Loan A”). The Credit Agreement requires quarterly
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

YETI Holdings, Inc. amended Fourth Amendment to Credit Agreement and Amendment to Collateral Agreement with Bank of America, N.A., as administrative agent valued at increase the commitments under the Revolving Credit Facility from $150 million to $300 million (effective 2023-06-22).

Action
amendment
Agreement
credit facility
Counterparty
Bank of America, N.A., as administrative agent
Value
increase the commitments under the Revolving Credit Facility from $150 million to $300 million
Effective
2023-06-22
Exact text from the filing
On June 22, 2023, YETI Holdings, Inc. (the “Company”), certain subsidiaries of the Company, the lenders party thereto and Bank of America, N.A., in its capacity as administrative agent (the “Administrative Agent”), entered into the Fourth Amendment to Credit Agreement and Amendment to Collateral Agreement (the “Fourth Credit Agreement Amendment”).
View on SEC.gov

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YETI Holdings, Inc. filing history →

Source: SEC EDGAR
accession 0001104659-23-074758
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