Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Avery Dennison Corp amended credit facility of $400 million for total commitments under the Credit Agreement of $1,200 million with Bank of America, N.A., as administrative agent at Term SOFR for borrowings denominated in U.S. Dollars, and Alternative Currency T maturing February 13, 2026.
- Instrument
- credit facility
- Principal
- $400 million for total commitments under the Credit Agreement of $1,200 million
- Counterparty
- Bank of America, N.A., as administrative agent
- Rate
- Term SOFR for borrowings denominated in U.S. Dollars, and Alternative Currency T
- Maturity
- February 13, 2026
- Event
- amendment
Exact text from the filing
under the Existing Credit Agreement to extend the maturity date from February 13, 2025 to February 13, 2026, and (iii) incur additional revolving commitments in the amount of $400 million for total commitments under the Credit Agreement of $1,200 million. The terms “Alternative Currency Term Rate,” “EURIBOR,” “Eurocurrency Rate,” “SONIA,” and “Term SOFR” have
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Avery Dennison Corp amended Amendment No. 2 to Credit Agreement with lenders party thereto, Bank of America, N.A., as administrative agent, Mizuho Bank, Ltd., as syndication agent valued at $400 million (effective 2023-01-24).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- lenders party thereto, Bank of America, N.A., as administrative agent, Mizuho Bank, Ltd., as syndication agent
- Value
- $400 million
- Effective
- 2023-01-24
Exact text from the filing
On January 24, 2023, Avery Dennison Corporation, a Delaware corporation (the “Company”), entered into Amendment No. 2 to Credit Agreement (the “Amendment”) with the lenders party thereto, Bank of America, N.A., as administrative agent (the “Administrative Agent”), and Mizuho Bank, Ltd., as syndication agent, which amends that certain Fifth Amended and Restated Credit Agreement dated as of February 13, 2020 (as amended by that certain First Amendment dated as of August 9, 2021, the “Existing Credit Agreement,” and as further amended by the Amendment, the “Credit Agreement,”), to (i) replace the benchmark reference rate of Eurocurrency Rate with (x) Term SOFR for borrowings denominated in U.S. Dollars, and (y) Alternative Currency Term Rate (which is SONIA for borrowings denominated in Sterling, EURIBOR for borrowings denominated in Euros, or such benchmark reference rate with respect to any other currency (other than Euros, Sterling, or U.S. Dollars) as approved by the Administrative Ag
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