Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
BOSTON BEER CO INC incurred credit facility of up to $150,000,000 with Bank of America, N.A. (as administrative agent) and various lenders at Term SOFR plus 1.10% per annum maturing December 16, 2027.
- Instrument
- credit facility
- Principal
- up to $150,000,000
- Counterparty
- Bank of America, N.A. (as administrative agent) and various lenders
- Rate
- Term SOFR plus 1.10% per annum
- Maturity
- December 16, 2027
- Event
- incurrence
Exact text from the filing
other things, the Lenders severally and not jointly established for the benefit of the Borrowers a revolving credit facility in the original aggregate principal amount of up to $150,000,000, together with a sublimit for a letters of credit for up to $5,000,000 (collectively, the “New Credit Facility”). The 2022 Credit Agreement amended, restated, and replaced in its
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
BOSTON BEER CO INC amended Third Amended and Restated Credit Agreement with Bank of America, N.A., as administrative agent, and various banks and other financial institutions valued at up to $150,000,000 (effective 2022-12-16).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Bank of America, N.A., as administrative agent, and various banks and other financial institutions
- Value
- up to $150,000,000
- Effective
- 2022-12-16
Exact text from the filing
On December 16, 2022, the (“Closing Date”), The Boston Beer Company, Inc., a Massachusetts corporation (the “Parent”) and its subsidiaries, Boston Beer Corporation, a Massachusetts corporation (together with the Parent, the “Borrowers”) and American Craft Brewery LLC, a Massachusetts limited liability company (“American Craft Brewery”) entered into a Third Amended and Restated Credit Agreement (the “2022 Credit Agreement”) by and among the Borrowers, American Craft Brewery as a guarantor thereunder, Bank of America, N.A. (when acting for itself, “Bank of America”), as administrative agent thereunder (when acting in such capacity, the “Administrative Agent”), and various banks and other financial institutions (including Bank of America) which are parties thereto as lenders (collectively, the “Lenders”), pursuant to which, among other things, the Lenders severally and not jointly established for the benefit of the Borrowers a revolving credit facility in the original aggregate principal
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