secwatch / observer
8-K filed April 12, 2023, 7:59 PM ET ticker JBI CIK 0001839839
debt confidence high sentiment neutral materiality 0.15

Janus International Group, Inc. (JBI): debt financing — Janus International amends ABL credit agreement to replace LIBOR with SOFR

Janus International Group, Inc.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Janus International Group, Inc. amended revolving credit at replaces the interest rate based on the London Interbank Offered Rate ("LIBOR").

Instrument
revolving credit
Rate
replaces the interest rate based on the London Interbank Offered Rate ("LIBOR")
Event
amendment
Exact text from the filing
The Amendment, among other things, (i) replaces the interest rate based on the London Interbank Offered Rate ("LIBOR") and related LIBOR-based mechanics applicable to borrowings under the ABL Agreement with an interest rate based on the Secured Overnight Financing Rate ("SOFR") and related SOFR-based mechanics
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Janus International Group, Inc. amended Amendment Number Three to ABL Credit and Guarantee Agreement with Wells Fargo Bank, National Association, as administrative agent and collateral agent (effective 2023-04-10).

Action
amendment
Agreement
credit facility
Counterparty
Wells Fargo Bank, National Association, as administrative agent and collateral agent
Effective
2023-04-10
Exact text from the filing
On April 10, 2023, Janus International Group, LLC (“Janus Core”), a wholly owned subsidiary of Janus International Group, Inc., entered into Amendment Number Three to ABL Credit and Guarantee Agreement (“the Amendment”) to that certain ABL Credit and Guarantee Agreement, dated as of February 12, 2018 (as amended, the “ABL Agreement”)
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Janus International Group, Inc. filing history →

Source: SEC EDGAR
accession 0001193125-23-099179
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