secwatch.observer — SEC 8-K summary
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Issuer:     HAIN CELESTIAL GROUP INC (HAIN)
CIK:        0000910406
Form:       8-K
Filed at:   2022-12-21T23:59:59+00:00
Accession:  0001193125-22-309599
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/910406/000119312522309599/0001193125-22-309599-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/910406/000119312522309599/d423508d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-309599

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