debt
confidence high
sentiment positive
materiality 0.45
Axalta reduces term loan interest spread by 25 bps to 1.75% via Amendment No. 16
Axalta Coating Systems Ltd.
- Sixteenth Amendment to Credit Agreement dated Nov 26, 2024 lowers SOFR spread from 2.00% to 1.75%.
- Outstanding principal amount and maturity date of term loan unchanged.
- Borrowers: Axalta Coating Systems Dutch Holding B B.V. and Axalta Coating Systems U.S. Holdings, Inc.
- Barclays Bank PLC acts as administrative and collateral agent.