Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
HUNTINGTON INGALLS INDUSTRIES, INC. amended Amendment No. 1 to the Term Loan Credit Facility with JPMorgan Chase Bank, N.A. as administrative agent valued at Amended to replace LIBOR with SOFR plus 0.10% (effective 2023-04-24).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- JPMorgan Chase Bank, N.A. as administrative agent
- Value
- Amended to replace LIBOR with SOFR plus 0.10%
- Effective
- 2023-04-24
Exact text from the filing
On April 24, 2023, the Company entered into: (i) Amendment No. 1 to the Amended and Restated Revolving Credit Facility (the “Amended and Restated Revolving Credit Facility Amendment”), and (ii) Amendment No. 1 to the Term Loan Credit Facility (the “Term Loan Credit Facility Amendment”). The Amended and Restated Revolving Credit Facility Amendment and the Term Loan Credit Facility Amendment amended the Amended and Restated Revolving Credit Facility and the Term Loan Credit Facility, respectively, to replace the variable interest rate at which outstanding amounts under such facility accrue from (x) the London Interbank Offered Rate, plus a spread based upon the Company’s credit rating (currently 1.375%), to (y) the Secured Overnight Funding Rate, plus a spread based upon the Company’s credit rating (currently 1.375%), plus .10%.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
HUNTINGTON INGALLS INDUSTRIES, INC. amended Amendment No. 1 to the Amended and Restated Revolving Credit Facility with JPMorgan Chase Bank, N.A. as administrative agent valued at Amended to replace LIBOR with SOFR plus 0.10% (effective 2023-04-24).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- JPMorgan Chase Bank, N.A. as administrative agent
- Value
- Amended to replace LIBOR with SOFR plus 0.10%
- Effective
- 2023-04-24
Exact text from the filing
On April 24, 2023, the Company entered into: (i) Amendment No. 1 to the Amended and Restated Revolving Credit Facility (the “Amended and Restated Revolving Credit Facility Amendment”), and (ii) Amendment No. 1 to the Term Loan Credit Facility (the “Term Loan Credit Facility Amendment”). The Amended and Restated Revolving Credit Facility Amendment and the Term Loan Credit Facility Amendment amended the Amended and Restated Revolving Credit Facility and the Term Loan Credit Facility, respectively, to replace the variable interest rate at which outstanding amounts under such facility accrue from (x) the London Interbank Offered Rate, plus a spread based upon the Company’s credit rating (currently 1.375%), to (y) the Secured Overnight Funding Rate, plus a spread based upon the Company’s credit rating (currently 1.375%), plus .10%.
View on SEC.gov