---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-007043"
form_type: "8-K"
ticker: "FUL"
cik: "0000039368"
company_name: "FULLER H B CO"
filed_at: "2024-03-08T23:59:59+00:00"
generated_at: "2026-06-05T00:52:32.879521+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# H.B. Fuller refinances and upsizes Term B loans to $994M; margin cut 25 bps

## Summary
- Refinancing and Incremental Amendment on March 4, 2024 refinances existing $794M Term B loans.
- Additional $200M in Term B loans added, increasing total Amended TLB to $994M.
- Interest rate margin reduced by 25 bps to 200 bps over SOFR and 100 bps over prime.
- Revolving credit facility and Term A loan terms unchanged.
- JPMorgan Chase Bank, N.A. acts as administrative agent for the credit facility.

## SEC filing metadata
- accession: 0001437749-24-007043
- form_type: 8-K
- ticker: FUL
- cik: 0000039368
- company_name: FULLER H B CO
- filed_at: 2024-03-08T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/39368/000143774924007043/0001437749-24-007043-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/39368/000143774924007043/ful20240306_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-007043
- JSON: https://secwatch.observer/filing/0001437749-24-007043.json
- Plain text: https://secwatch.observer/filing/0001437749-24-007043.txt

## Key facts
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/39368/000143774924007043/0001437749-24-007043-index.htm
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/39368/000143774924007043/0001437749-24-007043-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.