Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
LIFETIME BRANDS, INC amended term loan with JPMorgan Chase Bank, N.A. at replaces the LIBOR-based interest rates with SOFR-based interest rates.
- Instrument
- term loan
- Counterparty
- JPMorgan Chase Bank, N.A.
- Rate
- replaces the LIBOR-based interest rates with SOFR-based interest rates
- Event
- amendment
Exact text from the filing
The Amendment replaces the LIBOR-based interest rates with SOFR-based interest rates and modifies the provisions for determining an alternative rate of interest upon the occurrence of certain events relating to the availability of interest rate benchmarks.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
LIFETIME BRANDS, INC amended Amendment No. 1 with JPMorgan Chase Bank, N.A. (as Administrative Agent) and Golub Capital LLC (as syndication agent) (effective 2022-12-29).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- JPMorgan Chase Bank, N.A. (as Administrative Agent) and Golub Capital LLC (as syndication agent)
- Effective
- 2022-12-29
Exact text from the filing
On December 29, 2022, Lifetime Brands, Inc. (the “Company”) entered into Amendment No. 1 (the “Amendment”) to amend that certain Loan Agreement, dated as of March 2, 2018, among the Company, as borrower, the other loan parties from time to time party thereto, the lenders from time to time party thereto, JPMorgan Chase Bank, N.A., as Administrative Agent and Golub Capital LLC, as syndication agent (the “Term Loan Agreement”).
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