secwatch / observer
8-K filed March 20, 2024, 7:59 PM ET CIK 0000009984
debt confidence high sentiment positive materiality 0.60

BARNES GROUP INC: debt financing — Barnes Group refinances $648M term loans at reduced interest rate margins

BARNES GROUP 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

BARNES GROUP INC amended term loan of $648,375,000 with Bank of America, N.A., as administrative agent and as collateral agent; lenders party thereto at 1.50%, in the case of ABR loans, and 2.50%, in the case of Term SOFR loans (with maturing August 31, 2030.

Instrument
term loan
Principal
$648,375,000
Counterparty
Bank of America, N.A., as administrative agent and as collateral agent; lenders party thereto
Rate
1.50%, in the case of ABR loans, and 2.50%, in the case of Term SOFR loans (with
Maturity
August 31, 2030
Event
amendment
Exact text from the filing
as of February 6, 2024, and as otherwise amended, amended and restated, supplemented or otherwise modified, the “Credit Agreement”). Pursuant to the Amendment, the outstanding $648,375,000 principal amount of term loans under the Credit Agreement (the “Existing Term Loans”) were replaced with an equal amount of new term loans (the “New Term Loans”) having
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

BARNES GROUP INC amended Refinancing Amendment (Amendment No. 2) with Bank of America, N.A. valued at $648,375,000 (effective 2024-03-19).

Action
amendment
Agreement
credit facility
Counterparty
Bank of America, N.A.
Value
$648,375,000
Effective
2024-03-19
Exact text from the filing
On March 19, 2024, Barnes Group Inc. (“Barnes”) entered into a Refinancing Amendment (Amendment No. 2) (the “Amendment”), by and among Barnes, Barnes Group Switzerland GmbH, a limited liability company ( Gesellschaft mit beschränkter Haftung ) organized under the laws of Switzerland, Barnes Group Acquisition GmbH, a limited liability company ( Gesellschaft mit beschränkter Haftung ) incorporated under the laws of Germany, the lenders party thereto from time to time and Bank of America, N.A., as administrative agent and as collateral agent
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Source: SEC EDGAR
accession 0001140361-24-014363
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