Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Ubiquiti Inc. amended credit facility with financial institutions named as lenders therein and Wells Fargo Bank, National Association, as administrative agent and collateral agent for the lenders at replaced the LIBOR rate component with Adjusted Term SOFR.
- Instrument
- credit facility
- Counterparty
- financial institutions named as lenders therein and Wells Fargo Bank, National Association, as administrative agent and collateral agent for the lenders
- Rate
- replaced the LIBOR rate component with Adjusted Term SOFR
- Event
- amendment
Exact text from the filing
The First Amendment added a new term loan facility in an aggregate principal amount of $250 million (the “First Amendment Term Loan”) in addition to the $700 million outstanding senior secured revolving credit facility (the “Revolving Credit Facility”) and the initial term loan facility (the “Initial Term Loan Facility”) in an initial amount of $500 million previously advanced under the Credit Agreement.
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Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Ubiquiti Inc. incurred term loan of $250 million with financial institutions named as lenders therein and Wells Fargo Bank, National Association, as administrative agent and collateral agent for the lenders at a floating rate per annum equal to Base Rate plus a margin of between 1.00% and maturing March 30, 2026.
- Instrument
- term loan
- Principal
- $250 million
- Counterparty
- financial institutions named as lenders therein and Wells Fargo Bank, National Association, as administrative agent and collateral agent for the lenders
- Rate
- a floating rate per annum equal to Base Rate plus a margin of between 1.00% and
- Maturity
- March 30, 2026
- Event
- incurrence
Exact text from the filing
The First Amendment added a new term loan facility in an aggregate principal amount of $250 million (the “First Amendment Term Loan")
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Ubiquiti Inc. amended First Amendment to Third Amended & Restated Credit Agreement with Wells Fargo Bank, National Association, as administrative agent and collateral agent for the lenders valued at $250 million (effective 2023-04-03).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Wells Fargo Bank, National Association, as administrative agent and collateral agent for the lenders
- Value
- $250 million
- Effective
- 2023-04-03
Exact text from the filing
On April 3, 2023, Ubiquiti Inc. (the “Company”), as borrower, and certain domestic subsidiaries, as guarantors (the “Domestic Guarantors”), entered into a first amendment (the “First Amendment”) to third amended and restated credit agreement (the “Credit Agreement", and as amended by the First Amendment, the “Amended Credit Agreement”) with the financial institutions named as lenders therein and Wells Fargo Bank, National Association, as administrative agent and collateral agent for the lenders (in such capacity, the “Agent”).
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