Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Blue Bird Corp incurred revolving credit of $150.0 million with Bank of Montreal at Secured Overnight Financing Rate plus an applicable margin of between 1.75% to 3 maturing November 17, 2028.
- Instrument
- revolving credit
- Principal
- $150.0 million
- Counterparty
- Bank of Montreal
- Rate
- Secured Overnight Financing Rate plus an applicable margin of between 1.75% to 3
- Maturity
- November 17, 2028
- Event
- incurrence
Exact text from the filing
(ii) a senior secured revolving credit facility in an aggregate principal amount of $150.0 million
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Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Blue Bird Corp incurred credit facility of $100.0 million with Bank of Montreal at Secured Overnight Financing Rate plus an applicable margin of between 1.75% to 3 maturing November 17, 2028.
- Instrument
- credit facility
- Principal
- $100.0 million
- Counterparty
- Bank of Montreal
- Rate
- Secured Overnight Financing Rate plus an applicable margin of between 1.75% to 3
- Maturity
- November 17, 2028
- Event
- incurrence
Exact text from the filing
the Credit Agreement provides for (i) a senior secured term loan A facility in an aggregate principal amount of $100.0 million
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.99
Blue Bird Corp terminated Existing Credit Agreement with Bank of Montreal, as administrative agent (effective 2023-11-17).
- Action
- termination
- Agreement
- credit facility
- Counterparty
- Bank of Montreal, as administrative agent
- Effective
- 2023-11-17
Exact text from the filing
On November 17, 2023, in connection with the incurrence of the Senior Secured Credit Facilities under the Credit Agreement, the Company prepaid, without penalty or premium, in full, all outstanding obligations due pursuant to, and terminates all commitments under, the Existing Credit Agreement (which was scheduled to mature on December 31, 2024), except for obligations under the Existing Credit Agreement that, pursuant to the express terms of the Existing Credit Agreement, survive payment of the obligations (such prepayment in full and termination, the “ Refinancing ”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.99
Blue Bird Corp entered into Credit Agreement with Bank of Montreal, as administrative agent valued at $100.0 million ... and ... $150.0 million (effective 2023-11-17).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Bank of Montreal, as administrative agent
- Value
- $100.0 million ... and ... $150.0 million
- Effective
- 2023-11-17
Exact text from the filing
On November 17, 2023, Blue Bird Corporation, a Delaware corporation (the “ Company ”), and Blue Bird Body Company, a Georgia corporation and an indirect subsidiary of the Company (the “ Borrower ”), entered into a credit agreement (the “ Credit Agreement ”), by and among the Company, the Borrower, the other subsidiaries of the Company party thereto, the other financial institutions party thereto, Bank of Montreal, as administrative agent, and the other parties specified therein.
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