Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Clearwater Paper Corp amended revolving credit of from $250 million to $275 million with JPMorgan Chase Bank, N.A., as administrative agent at replace LIBOR with a SOFR-based rate maturing extended to November 7, 2027.
- Instrument
- revolving credit
- Principal
- from $250 million to $275 million
- Counterparty
- JPMorgan Chase Bank, N.A., as administrative agent
- Rate
- replace LIBOR with a SOFR-based rate
- Maturity
- extended to November 7, 2027
- Event
- amendment
Exact text from the filing
the maximum commitment of the lenders (subject to borrowing base limitations) under the ABL Credit Agreement was increased from $250 million to $275 million, the maturity date was extended to November 7, 2027 and provisions were added to replace LIBOR with a SOFR-based rate as one of the benchmark rates at which loans under the ABL Credit Agreement may bear interest.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Clearwater Paper Corp amended ABL Credit Agreement with JPMorgan Chase Bank, N.A. valued at from $250 million to $275 million (effective 2022-11-07).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- JPMorgan Chase Bank, N.A.
- Value
- from $250 million to $275 million
- Effective
- 2022-11-07
Exact text from the filing
On November 7, 2022, Clearwater Paper Corporation, a Delaware corporation (the “Company”) entered into an amendment (the “Amendment”) to its ABL Credit Agreement dated July 26, 2019, among the Company, as borrower, the several lenders from time to time parties thereto and JPMorgan Chase Bank, N.A., as administrative agent (as amended, the “ABL Credit Agreement”).
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