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8-K filed November 23, 2022, 6:59 PM ET ticker BBW CIK 0001113809
debt confidence high sentiment neutral materiality 0.25

Build-A-Bear amends credit agreement to transition from LIBOR to SOFR

BUILD-A-BEAR WORKSHOP INC

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

BUILD-A-BEAR WORKSHOP INC entered into Second Amendment to Revolving Credit and Security Agreement with PNC Bank, National Association, as agent for Lenders valued at Amendment to change interest rate from LIBOR to SOFR, update mechanics, sanctions compliance, and ot (effective 2022-11-21).

Action
entry
Agreement
credit facility
Counterparty
PNC Bank, National Association, as agent for Lenders
Value
Amendment to change interest rate from LIBOR to SOFR, update mechanics, sanctions compliance, and ot
Effective
2022-11-21
Exact text from the filing
On November 21, 2022, Build-A-Bear Workshop, Inc. (the “Company”), as borrowing agent; Build-A-Bear Retail Management, Inc., together with the Company, as borrowers (collectively, the “Borrowers”); and Build-A-Bear Workshop Franchise Holdings, Inc., Build-A-Bear Entertainment, LLC, Build-A-Bear Card Services, LLC and Build-A-Bear Workshop Canada, Ltd. (collectively, the “Guarantors”); entered into a Second Amendment to Revolving Credit and Security Agreement (the “Second Amendment”) with the lenders party thereto (the “Lenders”); and PNC Bank, National Association, as agent for Lenders (in such capacity, “Agent”).
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Source: SEC EDGAR
accession 0001437749-22-027942
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