Vertiv extends ABL facility to 2029, ups commitments by $30M to $600M

Vertiv Holdings Co

Maturity extended to February 2029; prior facility would have become current in March 2024.
Total revolving commitments increased $30M to $600M; additional $200M uncommitted accordion added.
Swingline commitment raised from $75M to $100M; French and FILO tranches removed.
No principal outstanding under the facility as of December 31, 2023.
Eighth Amendment also permits up to $200M increase in commitments (up from $30M).

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Vertiv Holdings Co amended Eighth Amendment with JPMorgan Chase Bank, N.A., as Administrative Agent and the lenders and other persons party thereto valued at $30.0 million increase (effective 2024-02-16).

Action: amendment
Agreement: credit facility
Counterparty: JPMorgan Chase Bank, N.A., as Administrative Agent and the lenders and other persons party thereto
Value: $30.0 million increase
Effective: 2024-02-16

Exact text from the filing

On February 16, 2024, Vertiv Group Corporation, a Delaware corporation (the “Lead Borrower”), Vertiv Intermediate Holding II Corporation, a Delaware corporation and the direct parent of the Lead Borrower, as a guarantor, and certain subsidiaries of the Lead Borrower party thereto as guarantors or borrowers, as applicable (the “Credit Parties”), each indirect wholly owned subsidiaries of Vertiv Holdings Co (the “Company” and together with its subsidiaries, “we” or “our”), entered into Amendment No. 8 to the Revolving Credit Agreement (the “Eighth Amendment”), with JPMorgan Chase Bank, N.A., as Administrative Agent and the lenders and other persons party thereto.

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Source: SEC EDGAR

accession 0001193125-24-038556

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