secwatch.observer — SEC 8-K summary
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Issuer:     Freshpet, Inc. (FRPT)
CIK:        0001611647
Form:       8-K
Filed at:   2022-05-02T23:59:59+00:00
Accession:  0001140361-22-017071
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Freshpet amends credit facility to allow projected CapEx, switches to Term SOFR
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- Amendment permits projected Capital Expenditures without mandatory prepayment or covenant violation.
- Interest rate benchmark replaced from LIBOR to Term SOFR for U.S. dollar loans.
- Total credit commitments unchanged: $300M delayed draw term loan and $50M revolver.
- Amendment between Freshpet and City National Bank effective April 29, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1611647/000114036122017071/0001140361-22-017071-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1611647/000114036122017071/ny20004070x2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-017071

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