Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
ODP Corp amended revolving credit of up to $800 million with JPMorgan Chase Bank, N.A., as Administrative Agent at between 0.75% and 1.25% for Revolving Loans at the Alternate Base Rate and betwe maturing May 9, 2029.
- Instrument
- revolving credit
- Principal
- up to $800 million
- Counterparty
- JPMorgan Chase Bank, N.A., as Administrative Agent
- Rate
- between 0.75% and 1.25% for Revolving Loans at the Alternate Base Rate and betwe
- Maturity
- May 9, 2029
- Event
- amendment
Exact text from the filing
The Fourth Amended Credit Agreement provides, among other things, the Borrowers with a 5-year revolving loan facility (the “Revolving Loan Facility”) in the aggregate principal amount of up to $800 million, maturing on May 9, 2029 (the “Maturity Date”) and reduces the interest rate margins applicable to revolving loans by 0.25% from the margins set forth in the Existing Credit Agreement.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
ODP Corp entered into Fourth Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A. valued at $800,000,000 (effective 2024-05-09).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- JPMorgan Chase Bank, N.A.
- Value
- $800,000,000
- Effective
- 2024-05-09
Exact text from the filing
On May 9, 2024 (the "Closing Date"), The ODP Corporation ("ODP"), ODP Investment, LLC ("ODP Invest"), Office Depot, LLC ("Office Depot" and, together with ODP and ODP Invest, collectively, the "U.S. Borrower"), and Grand & Toy Limited/Grand & Toy Limitée ("G&T" or "Canadian Borrower" and, together with the U.S. Borrower, collectively, the "Borrowers") entered into a Fourth Amended and Restated Credit Agreement (the "Fourth Amended Credit Agreement") with certain of its subsidiaries as borrowers and guarantors (the "Guarantors" and, together with the Borrowers, the "Loan Parties"), the several banks and other institutions parties thereto as Lenders, JPMorgan Chase Bank, N.A., as Administrative Agent ("JPMorgan" or the "Agent")
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