Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
SOMNIGROUP INTERNATIONAL INC. amended revolving credit of $200 million with Wells Fargo Bank, National Association; Sumitomo Mitsui Banking Corporation at one-month SOFR index plus 10 basis points of credit spread adjustment, plus 85 b.
- Instrument
- revolving credit
- Principal
- $200 million
- Counterparty
- Wells Fargo Bank, National Association; Sumitomo Mitsui Banking Corporation
- Rate
- one-month SOFR index plus 10 basis points of credit spread adjustment, plus 85 b
- Event
- amendment
Exact text from the filing
The Amended Credit Agreement provides for revolving loans (the "Loans") to be made from time to time by the Lenders to the Borrower, in a maximum amount that varies over the course of the year based on seasonality subject to an overall limit of $200 million. Under the Amended Credit Agreement, the Loans will bear interest at a floating rate initially equal to a one-month SOFR index plus 10 basis points of credit spread adjustment, plus 85 basis points.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
SOMNIGROUP INTERNATIONAL INC. amended Second Amended and Restated Credit and Security Agreement with Wells Fargo Bank, National Association, as administrative agent and as lender and Sumitomo Mitsui Banking Corporation (each a 'Lender') valued at $200 million (effective 2023-04-06).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Wells Fargo Bank, National Association, as administrative agent and as lender and Sumitomo Mitsui Banking Corporation (each a 'Lender')
- Value
- $200 million
- Effective
- 2023-04-06
Exact text from the filing
On April 6, 2023, Tempur Sealy International, Inc. (the "Company") and Tempur Sealy Receivables, LLC (the "Borrower") entered into a Second Amended and Restated Credit and Security Agreement ("Amended Credit Agreement") with Wells Fargo Bank, National Association, as administrative agent and as lender and Sumitomo Mitsui Banking Corporation (each a "Lender").
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