Hain Celestial amends credit agreement; leverage cap raised to 5.00x through Dec 2023

HAIN CELESTIAL GROUP INC

Maximum consolidated secured leverage ratio increased to 5.00:1.00 during Relief Period through Dec 31, 2023.
After Relief Period, ratio reverts to 4.25:1.00, with possible temporary increase after certain acquisitions.
Interest benchmark changed from Eurodollar Rate to Term SOFR plus 0.10% credit spread adjustment.
During Relief Period, loans bear interest at Term SOFR + 2.00% or Base Rate + 1.00% per annum.
Consenting lenders received an amendment fee of 0.125% of their total credit exposure.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

HAIN CELESTIAL GROUP INC amended First Amendment with the lenders party thereto and Bank of America, N.A., as administrative agent (effective 2022-12-16).

Action: amendment
Agreement: credit facility
Counterparty: the lenders party thereto and Bank of America, N.A., as administrative agent
Effective: 2022-12-16

Exact text from the filing

On December 16, 2022, The Hain Celestial Group, Inc. (the “Company”) entered into the First Amendment (the “First Amendment”) to its Fourth Amended and Restated Credit Agreement, dated December 22, 2021 (the “Credit Agreement”), by and among the Company, the lenders party thereto and Bank of America, N.A., as administrative agent.

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Source: SEC EDGAR

accession 0001193125-22-309599

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