secwatch / observer
8-K filed January 25, 2024, 6:59 PM ET ticker JAZZ CIK 0001232524
debt confidence high sentiment positive materiality 0.55

Jazz Pharmaceuticals plc (JAZZ): debt financing — Jazz reprices $2.72B term loans; margin cut 50 bps to Term SOFR+3.00%

Jazz Pharmaceuticals plc

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

Jazz Pharmaceuticals plc incurred term loan of $201,909,488.38 aggregate principal amount of additional Tranche B-1 Dollar Term Loans maturing May 5, 2028.

Instrument
term loan
Principal
$201,909,488.38 aggregate principal amount of additional Tranche B-1 Dollar Term Loans
Maturity
May 5, 2028
Event
incurrence
Exact text from the filing
Jazz Lux borrowed $201,909,488.38 aggregate principal amount of additional Tranche B-1 Dollar Term Loans
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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Jazz Pharmaceuticals plc amended credit facility with Bank of America, N.A. at Term SOFR plus 3.00% (with a floor of 0.50%) or the prime lending rate plus 2.00.

Instrument
credit facility
Counterparty
Bank of America, N.A.
Rate
Term SOFR plus 3.00% (with a floor of 0.50%) or the prime lending rate plus 2.00
Event
amendment
Exact text from the filing
The applicable margin for the Tranche B-1 Dollar Term Loans is 3.00% (in the case of Term SOFR borrowings) and 2.00% (in the case of borrowings at the prime lending rate), a decrease of 50 basis points from the applicable margin on the Initial Dollar Term Loans
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Jazz Pharmaceuticals plc amended Repricing Amendment with Bank of America, N.A., as administrative agent and U.S. Bank Trust Company, National Association, as collateral trustee (effective 2024-01-19).

Action
amendment
Agreement
credit facility
Counterparty
Bank of America, N.A., as administrative agent and U.S. Bank Trust Company, National Association, as collateral trustee
Effective
2024-01-19
Exact text from the filing
abilité limitée ) incorporated and existing under the laws of Luxembourg (“Jazz Lux”) and wholly owned subsidiary of Jazz Pharmaceuticals Public Limited Company, a public limited company incorporated in Ireland (the “Company”), entered into an amendment (the “Repricing Amendment”) to the Credit Agreement, dated May 5, 2021, by and among Jazz Lux and certain other subsidiaries of the Company, as borrowers (collectively with the Company and Jazz Lux, the “Borrowers”), the lenders and issuing banks from time to time party thereto, Bank of America, N.A., as administrative agent and U.S.
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283 debt financings filed in the last 30 days. Browse all debt financings →

Jazz Pharmaceuticals plc filing history →

Source: SEC EDGAR
accession 0001193125-24-015517
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