Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
FULLER H B CO incurred term loan of $994,000,000 with JPMorgan Chase Bank, N.A. at 200 basis points for SOFR rate loans and 100 basis points for prime rate loans.
- Instrument
- term loan
- Principal
- $994,000,000
- Counterparty
- JPMorgan Chase Bank, N.A.
- Rate
- 200 basis points for SOFR rate loans and 100 basis points for prime rate loans
- Event
- incurrence
Exact text from the filing
Pursuant to the Refinancing and Incremental Amendment, (i) the existing Term B loans under the Credit Agreement were refinanced by "Refinancing Loans" (as defined in the Credit Agreement) in the principal amount of $794,000,000 (the "Amended TLB"), (ii) certain lenders party to the Refinancing and Incremental Amendment made additional Term B loans to the Company in the principal amount of $200,000,000, thereby increasing the aggregate principal amount of the Amended TLB to $994,000,000, and (iii) the interest rate margins applicable to the Amended TLB were decreased by 25 basis points (0.25% per annum) to 200 basis points for SOFR rate loans and 100 basis points for prime rate loans.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
FULLER H B CO entered into Refinancing and Incremental Amendment with JPMorgan Chase Bank, N.A. and the various lenders party thereto valued at Refinancing of existing Term B loans and incremental increase to $994,000,000 aggregate principal (effective 2024-03-04).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- JPMorgan Chase Bank, N.A. and the various lenders party thereto
- Value
- Refinancing of existing Term B loans and incremental increase to $994,000,000 aggregate principal
- Effective
- 2024-03-04
Exact text from the filing
On March 4, 2024, H.B. Fuller Company, a Minnesota corporation (the “Company”), entered into a Refinancing and Incremental Amendment (the “Refinancing and Incremental Amendment”) with JPMorgan Chase Bank, N.A. as administrative agent (the “Administrative Agent”), the various lenders party thereto and certain of the Company’s subsidiaries, which amends the Second Amended and Restated Credit Agreement dated as of February 15, 2023, as previously amended, among the Company, the lenders from time to time party thereto and the Administrative Agent (as amended by the Refinancing and Incremental Amendment, the “Credit Agreement”).
View on SEC.gov