Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Ingredion Inc incurred term loan of $200 million with PNC Bank, National Association at adjusted daily Secured Overnight Financing Rate (SOFR) plus a margin of 1.10% pe maturing December 16, 2024.
- Instrument
- term loan
- Principal
- $200 million
- Counterparty
- PNC Bank, National Association
- Rate
- adjusted daily Secured Overnight Financing Rate (SOFR) plus a margin of 1.10% pe
- Maturity
- December 16, 2024
- Event
- incurrence
Exact text from the filing
On December 16, 2022, Ingredion Incorporated (the “Company”) entered into a Credit Agreement, dated as of December 16, 2022 (the “Term Loan Credit Agreement”), between the Company, as borrower, and PNC Bank, National Association, as lender. The Term Loan Credit Agreement establishes a 24-month senior unsecured term loan in the principal amount of $200 million (the “Term Loan”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Ingredion Inc entered into Term Loan Credit Agreement with PNC Bank, National Association valued at $200 million (effective 2022-12-16).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- PNC Bank, National Association
- Value
- $200 million
- Effective
- 2022-12-16
Exact text from the filing
On December 16, 2022, Ingredion Incorporated (the “Company”) entered into a Credit Agreement, dated as of December 16, 2022 (the “Term Loan Credit Agreement”), between the Company, as borrower, and PNC Bank, National Association, as lender. The Term Loan Credit Agreement establishes a 24-month senior unsecured term loan in the principal amount of $200 million (the “Term Loan”).
View on SEC.gov