Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
DOUGLAS DYNAMICS, INC amended credit facility of the Revolving Loan Borrowers exercised a portion of the Revolving Commitment Increase Option and increased the revolving with JPMorgan Chase Bank, N.A. at the Term SOFR Rate for the applicable interest period plus (ii) a margin ranging.
- Instrument
- credit facility
- Principal
- the Revolving Loan Borrowers exercised a portion of the Revolving Commitment Increase Option and increased the revolving
- Counterparty
- JPMorgan Chase Bank, N.A.
- Rate
- the Term SOFR Rate for the applicable interest period plus (ii) a margin ranging
- Event
- amendment
Exact text from the filing
On January 5, 2023, the Company entered into that certain Amendment No. 1 to Credit Agreement and Revolving Credit Commitment Increase Supplement (“Amendment No. 1”) by and among the Company, the Borrowers, the financial institutions listed in Amendment No. 1 as lenders, and JPMorgan Chase Bank, N.A., as administrative agent, which amended the Credit Agreement and pursuant to which, among other things, (i) the Revolving Loan Borrowers exercised a portion of the Revolving Commitment Increase Option and increased the revolving commitment under the Credit Agreement by $50.0 million for a total of $150.0 million in the aggregate and (ii) the London Interbank Offered Rate pricing option under the Credit Agreement was replaced with a Term SOFR Rate pricing option.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
DOUGLAS DYNAMICS, INC amended Amendment No. 1 to Credit Agreement and Revolving Credit Commitment Increase Supplement with the financial institutions listed in Amendment No. 1 as lenders, and JPMorgan Chase Bank, N.A., as administrative agent valued at increased the revolving commitment under the Credit Agreement by $50.0 million for a total of $150.0 (effective 2023-01-05).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- the financial institutions listed in Amendment No. 1 as lenders, and JPMorgan Chase Bank, N.A., as administrative agent
- Value
- increased the revolving commitment under the Credit Agreement by $50.0 million for a total of $150.0
- Effective
- 2023-01-05
Exact text from the filing
On January 5, 2023, the Company entered into that certain Amendment No. 1 to Credit Agreement and Revolving Credit Commitment Increase Supplement (“Amendment No. 1”) by and among the Company, the Borrowers, the financial institutions listed in Amendment No. 1 as lenders, and JPMorgan Chase Bank, N.A., as administrative agent, which amended the Credit Agreement and pursuant to which, among other things, (i) the Revolving Loan Borrowers exercised a portion of the Revolving Commitment Increase Option and increased the revolving commitment under the Credit Agreement by $50.0 million for a total of $150.0 million in the aggregate and (ii) the London Interbank Offered Rate pricing option under the Credit Agreement was replaced with a Term SOFR Rate pricing option.
View on SEC.gov