debt
confidence high
sentiment positive
materiality 0.50
Flowers Foods amends credit agreement, extends maturity to 2026 and lowers margins
FLOWERS FOODS INC
- Maturity extended to July 30, 2026; $500M facility size unchanged.
- Base rate margin lowered to 0.00%-0.525%; Eurodollar margin to 0.815%-1.525%.
- Facility fee range reduced to 0.06%-0.225% from 0.05%-0.30%.
- Deutsche Bank Trust Company Americas appointed successor administrative agent.
- Amendment adds provisions to address LIBOR transition.