secwatch / observer
8-K filed December 19, 2023, 6:59 PM ET CIK 0001596783
debt confidence high sentiment positive materiality 0.75

Catalent, Inc.: debt financing — Catalent closes $600M incremental term loan upsized due to strong demand; total liquidity ~$1.3B

Catalent, 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

Catalent, Inc. incurred term loan of $600 million aggregate principal amount with JPMorgan Chase Bank, N.A. at term SOFR rate plus 3.00% or base rate plus 2.00%.

Instrument
term loan
Principal
$600 million aggregate principal amount
Counterparty
JPMorgan Chase Bank, N.A.
Rate
term SOFR rate plus 3.00% or base rate plus 2.00%
Event
incurrence
Exact text from the filing
and the lenders and other parties thereto (as amended, including by Amendment No. 11, the “Credit Agreement”). Pursuant to Amendment No. 11, the Operating Company incurred $600 million aggregate principal amount of new incremental dollar term B-4 loans (the “Incremental Term Loans”), which was upsized due to lender demand, under the Credit Agreement. The
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Catalent, Inc. amended Amendment No. 11 to Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A. valued at $600,000,000 aggregate principal amount of new incremental dollar term B-4 loans under the Credit Ag (effective 2023-12-19).

Action
amendment
Agreement
credit facility
Counterparty
JPMorgan Chase Bank, N.A.
Value
$600,000,000 aggregate principal amount of new incremental dollar term B-4 loans under the Credit Ag
Effective
2023-12-19
Exact text from the filing
On December 19, 2023, Catalent Pharma Solutions, Inc. (“Operating Company”), a wholly owned subsidiary of Catalent, Inc. (the “Company”), entered into Amendment No. 11 to Amended and Restated Credit Agreement (“Amendment No. 11”) by and among Operating Company, PTS Intermediate Holdings LLC (“Holdings”), the subsidiaries of Operating Company party thereto (together with Holdings, the “Guarantors”), JPMorgan Chase Bank, N.A., as the administrative agent, collateral agent, swing line lender, and letter of credit issuer, and the lenders and other parties thereto, which Amendment No. 11 amends that certain Amended and Restated Credit Agreement, dated as of May 20, 2014, among Operating Company, the Guarantors and other guarantors party thereto, JPMorgan Chase Bank, N.A., as the administrative agent, collateral agent, and swing line lender, and the lenders and other parties thereto (as amended, including by Amendment No. 11, the “Credit Agreement”).
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Source: SEC EDGAR
accession 0001193125-23-298631
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