Upbound reprices term loan, cutting applicable margin by 50 bps

UPBOUND GROUP, INC.

May 28, 2024 amendment reduces margin on Term Benchmark/RFR loans from 3.25% to 2.75%.
ABR loan margin cut from 2.25% to 1.75%; credit spread adjustment on Term SOFR removed.
JPMorgan Chase remains administrative agent; non-consenting lenders replaced by fronting lender.
Amendment expected to lower borrowing costs; no change to principal or maturity.

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