debt
confidence high
sentiment neutral
materiality 0.25
Knowles amends credit agreement to replace LIBOR with SONIA for GBP borrowings
Knowles Corp
- Knowles entered First Amendment to Credit Agreement dated Nov 3, 2021, with JPMorgan and other lenders.
- Changes reference rate for GBP borrowings from LIBOR to daily simple SONIA plus 0.0326% spread.
- All other material terms of the Credit Agreement remain unchanged.
- Amendment effective upon delivery of executed signatures from Company and required Lenders.