secwatch / observer
8-K filed August 4, 2023, 7:59 PM ET ticker JBI CIK 0001839839
debt confidence high sentiment positive materiality 0.65

Janus International Group, Inc. (JBI): debt financing — Janus International refinances debt with $625M term loan and new $125M ABL facility

Janus International Group, Inc.

item 1.01item 2.03item 7.01item 9.01

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 credit facility of from $80,000,000 to $125,000,000 with JPMorgan Chase Bank, N.A., as administrative agent and collateral agent, along with Bank of America and Goldman Sachs as syndication lenders at Interest payments with respect to the 2023 LOC Agreement are due in arrears.

Instrument
credit facility
Principal
from $80,000,000 to $125,000,000
Counterparty
JPMorgan Chase Bank, N.A., as administrative agent and collateral agent, along with Bank of America and Goldman Sachs as syndication lenders
Rate
Interest payments with respect to the 2023 LOC Agreement are due in arrears
Event
amendment
Exact text from the filing
national, Wells Fargo Bank, National Association, as administrative agent and collateral agent and the other parties thereto, pursuant to a new ABL Credit and Guarantee Agreement (the “2023 LOC Agreement”) by and among Janus Intermediate, Janus International, JPMorgan Chase Bank, N.A., as administrative agent and collateral agent, along with Bank of America and Goldman Sachs as syndication lenders.
View on SEC.gov
Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Janus International Group, Inc. incurred credit facility of $625,000,000 with UBS AG, Stamford Branch, as administrative agent and collateral agent, Goldman Sachs Bank USA, as successor administrative agent and collateral agent and the other parties at interest payable in arrears (with respect to base rate loans) or at the end of a maturing August 3, 2030.

Instrument
credit facility
Principal
$625,000,000
Counterparty
UBS AG, Stamford Branch, as administrative agent and collateral agent, Goldman Sachs Bank USA, as successor administrative agent and collateral agent and the other parties
Rate
interest payable in arrears (with respect to base rate loans) or at the end of a
Maturity
August 3, 2030
Event
incurrence
Exact text from the filing
administrative agent and collateral agent and the other parties thereto. The Amendment is comprised of a syndicate of lenders originating on August 3, 2023 in the amount of $625,000,000 with interest payable in arrears (with respect to base rate loans) or at the end of an interest period (with respect to Secured Overnight Financing Rate loans). The outstanding
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Janus International Group, Inc. amended Amendment No. 6 with UBS AG, Stamford Branch, as administrative agent and collateral agent, Goldman Sachs Bank USA, as successor administrative agent and collateral agent and the other parties thereto valued at $625,000,000 (effective 2023-08-03).

Action
amendment
Agreement
credit facility
Counterparty
UBS AG, Stamford Branch, as administrative agent and collateral agent, Goldman Sachs Bank USA, as successor administrative agent and collateral agent and the other parties thereto
Value
$625,000,000
Effective
2023-08-03
Exact text from the filing
On August 3, 2023, Janus International Group, Inc. (the “Company”) completed a refinancing pursuant to Amendment No. 6 (the “Amendment”) to that certain First Lien Credit and Guarantee Agreement (the “First Lien”), dated as of February 12, 2018, by and among Janus Intermediate, LLC, a wholly owned subsidiary of the Company (“Janus Intermediate”), Janus International Group, LLC, a wholly owned subsidiary of the Company (“Janus International”), UBS AG, Stamford Branch, as administrative agent and collateral agent, Goldman Sachs Bank USA, as successor administrative agent and collateral agent and the other parties thereto.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Janus International Group, Inc. entered into 2023 LOC Agreement with Janus Intermediate, LLC, Janus International Group, LLC, JPMorgan Chase Bank, N.A., as administrative agent and collateral agent, along with Bank of America and Goldman Sachs as syndication lenders valued at increased the previous aggregate commitments with respect to the LOC Agreement from $80,000,000 to $ (effective 2023-08-03).

Action
entry
Agreement
credit facility
Counterparty
Janus Intermediate, LLC, Janus International Group, LLC, JPMorgan Chase Bank, N.A., as administrative agent and collateral agent, along with Bank of America and Goldman Sachs as syndication lenders
Value
increased the previous aggregate commitments with respect to the LOC Agreement from $80,000,000 to $
Effective
2023-08-03
Exact text from the filing
On August 3, 2023, the Company also refinanced that certain ABL Credit and Guarantee Agreement, dated as of February 12, 2018 (the “LOC Agreement”) by and among Janus Intermediate, Janus International, Wells Fargo Bank, National Association, as administrative agent and collateral agent and the other parties thereto, pursuant to a new ABL Credit and Guarantee Agreement (the “2023 LOC Agreement”) by and among Janus Intermediate, Janus International, JPMorgan Chase Bank, N.A., as administrative agent and collateral agent, along with Bank of America and Goldman Sachs as syndication lenders.
View on SEC.gov

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Janus International Group, Inc. filing history →

Source: SEC EDGAR
accession 0001193125-23-203414
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