secwatch / observer
8-K filed April 30, 2024, 7:59 PM ET ticker JBI CIK 0001839839
debt confidence high sentiment positive materiality 0.55

Janus International Group, Inc. (JBI): debt financing — Janus International reprices $600M term loan, cuts rate by 50 bps; prepays $21.9M

Janus International Group, 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

Janus International Group, Inc. amended credit facility with UBS AG, Stamford Branch at reduces the applicable interest rate margins on the First Lien’s term loans by 5.

Instrument
credit facility
Counterparty
UBS AG, Stamford Branch
Rate
reduces the applicable interest rate margins on the First Lien’s term loans by 5
Event
amendment
Exact text from the filing
The Repricing Amendment reduces the applicable interest rate margins on the First Lien’s term loans by 50 basis points to 1.50% (for the term loans bearing interest at rates based on the base rate) and to 2.50% (for the term loans bearing interest at rates based on the secured overnight financing rate).
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Janus International Group, Inc. amended Repricing Amendment with UBS AG, Stamford Branch; Goldman Sachs Bank USA (effective 2024-04-30).

Action
amendment
Agreement
credit facility
Counterparty
UBS AG, Stamford Branch; Goldman Sachs Bank USA
Effective
2024-04-30
Exact text from the filing
On April 30, 2024, Janus International Group, Inc. (the “Company”) completed a repricing pursuant to Amendment No. 7 (the “Repricing Amendment”) to that certain First Lien Credit and Guarantee Agreement (the “First Lien”), dated as of February 12, 2018, by and among Janus Intermediate, LLC, a wholly owned subsidiary of the Company (“Janus Intermediate”), Janus International Group, LLC, a wholly owned subsidiary of the Company (“Janus International”), UBS AG, Stamford Branch, as administrative agent and collateral agent, Goldman Sachs Bank USA, as successor administrative agent and collateral agent and the other parties thereto.
View on SEC.gov

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Janus International Group, Inc. filing history →

Source: SEC EDGAR
accession 0001193125-24-125223
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