secwatch / observer
8-K filed November 17, 2023, 6:59 PM ET ticker THO CIK 0000730263
debt confidence high sentiment neutral materiality 0.30

THOR INDUSTRIES INC (THO): debt financing — Thor Industries amends credit agreements, reduces term loan margin by 0.25% and extends maturities

THOR INDUSTRIES 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

THOR INDUSTRIES INC amended term loan of $450 million on the USD Term Loan and €330 million on the EURO Term Loan with JPMorgan Chase Bank, N.A., as administrative agent at applicable margin for ABR Loans is now 1.75% and for Term Benchmark Loans is 2.7 maturing November 15, 2030.

Instrument
term loan
Principal
$450 million on the USD Term Loan and €330 million on the EURO Term Loan
Counterparty
JPMorgan Chase Bank, N.A., as administrative agent
Rate
applicable margin for ABR Loans is now 1.75% and for Term Benchmark Loans is 2.7
Maturity
November 15, 2030
Event
amendment
Exact text from the filing
material provisions of the Credit Agreement remain materially unchanged. As of November 15, 2023 the principal amounts outstanding under the Term Loan Credit Agreement were $450 million on the USD Term Loan (as defined in the Term Loan Credit Agreement) and €330 million on the EURO Term Loan (as defined in the Term Loan Credit Agreement). Also on November 15,
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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

THOR INDUSTRIES INC amended revolving credit of $1.0 billion with JPMorgan Chase Bank, N.A., as administrative agent at applicable margin, covenants and other material provisions...remain materially u maturing November 15, 2028.

Instrument
revolving credit
Principal
$1.0 billion
Counterparty
JPMorgan Chase Bank, N.A., as administrative agent
Rate
applicable margin, covenants and other material provisions...remain materially u
Maturity
November 15, 2028
Event
amendment
Exact text from the filing
modifications, the maturity date for the loans under the ABL Credit Agreement was extended until November 15, 2028. Total commitments under the ABL Credit Agreement remain at $1.0 billion. The applicable margin, covenants and other material provisions of the ABL Credit Agreement remain materially unchanged. The foregoing description of the Amendments does not
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

THOR INDUSTRIES INC amended Amendment No. 3 to the Term Loan Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent (effective 2023-11-15).

Action
amendment
Agreement
credit facility
Counterparty
JPMorgan Chase Bank, N.A., as administrative agent
Effective
2023-11-15
Exact text from the filing
On November 15, 2023, Thor Industries, Inc. (the “Company”), certain subsidiaries of the Company, and JPMorgan Chase Bank, N.A., as administrative agent (“JPMorgan”), entered into an Amendment No. 3 to the Term Loan Credit Agreement (the “Term Loan Amendment”).
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

THOR INDUSTRIES INC amended ABL Amendment with JPMorgan Chase Bank, N.A., as administrative agent valued at $1.0 billion (effective 2023-11-15).

Action
amendment
Agreement
credit facility
Counterparty
JPMorgan Chase Bank, N.A., as administrative agent
Value
$1.0 billion
Effective
2023-11-15
Exact text from the filing
Also on November 15, 2023, the Company amended its ABL Credit Agreement (the “ABL Amendment” and together with the Term Loan Amendment, the “Amendments”).
View on SEC.gov

295 debt financings filed in the last 30 days. Browse all debt financings →

THOR INDUSTRIES INC filing history →

Source: SEC EDGAR
accession 0001193125-23-279790
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