secwatch / observer
8-K filed July 12, 2023, 7:59 PM ET ticker SITE CIK 0001650729
debt confidence high sentiment neutral materiality 0.60

SiteOne Landscape Supply, Inc. (SITE): debt financing — SiteOne Landscape Supply upsizes term loans by $120M to $372M, repays ABL facility

SiteOne Landscape Supply, Inc.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

SiteOne Landscape Supply, Inc. incurred term loan of an additional $120 million of Initial Term Loans with JPMorgan Chase Bank, N.A..

Instrument
term loan
Principal
an additional $120 million of Initial Term Loans
Counterparty
JPMorgan Chase Bank, N.A.
Event
incurrence
Exact text from the filing
The Increase Supplement provides for an additional $120 million of Initial Term Loans (as used herein, as defined in the Credit Agreement) and makes such other changes to the Existing Credit Agreement as agreed between Holding and the Increasing Lender.
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

SiteOne Landscape Supply, Inc. amended Increase Supplement with JPMorgan Chase Bank, N.A. valued at an additional $120 million (effective 2023-07-12).

Action
amendment
Agreement
credit facility
Counterparty
JPMorgan Chase Bank, N.A.
Value
an additional $120 million
Effective
2023-07-12
Exact text from the filing
SiteOne Landscape Supply, Inc. (the “Company”) announced that its subsidiary, SiteOne Landscape Supply Holding, LLC (“Holding”), has entered into the Increase Supplement, dated as of July 12, 2023 (the “Increase Supplement”), by and between Holding, as borrower representative, and JPMorgan Chase Bank, N.A., as increasing lender (the “Increasing Lender”), to the Second Amended and Restated Credit Agreement, dated as of March 23, 2021 (as amended prior to July 12, 2023, the “Existing Credit Agreement", and as amended by the Increase Supplement, the “Credit Agreement”), among Holding and SiteOne Landscape Supply, LLC, as borrowers, JPMorgan Chase Bank, N.A., as administrative agent and collateral agent, and the several banks and other financial institutions party thereto. The Increase Supplement provides for an additional $120 million of Initial Term Loans
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SiteOne Landscape Supply, Inc. filing history →

Source: SEC EDGAR
accession 0001104659-23-080317
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