Organon amends credit agreement to replace LIBOR with SOFR-based rates

Organon & Co.

Amendment replaces LIBOR with Adjusted Term SOFR in senior secured credit agreement dated June 2, 2021.
No changes to principal amounts, interest rates, or maturity of existing loans.
Amendment effective June 30, 2023; no lender objection received.

item 1.01 item 2.03 item 9.01

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

Organon & Co. amended Amendment No. 1 with JPMorgan Chase Bank, N.A. (effective 2023-06-30).

Action: amendment
Agreement: credit facility
Counterparty: JPMorgan Chase Bank, N.A.
Effective: 2023-06-30

Exact text from the filing

On June 30, 2023, Organon & Co. (the “ Company ”), as Lead Borrower, Organon Foreign Debt Co-Issuer B.V., as Co-Borrower, and certain subsidiaries of the Company as Loan Parties (the foregoing being collectively referred to herein as “ Organon ”) entered into Amendment No. 1 (“ Amendment No. 1 ”) to the Senior Secured Credit Agreement, dated as of June 2, 2021, by and among Organon and JPMorgan Chase Bank, N.A., as Administrative Agent and Collateral Agent (the “ Credit Agreement ” and as amended by Amendment No. 1, the “ Amended Agreement ”).

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Source: SEC EDGAR

accession 0001104659-23-079109

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