Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Hostess Brands, Inc. incurred credit facility of $985.0 million aggregate principal amount of term loans with JPMorgan Chase Bank, N.A., as administrative agent and collateral agent at adjusted term SOFR rate (subject to a SOFR floor of 0.00% per annum) plus an app maturing June 30, 2030.
- Instrument
- credit facility
- Principal
- $985.0 million aggregate principal amount of term loans
- Counterparty
- JPMorgan Chase Bank, N.A., as administrative agent and collateral agent
- Rate
- adjusted term SOFR rate (subject to a SOFR floor of 0.00% per annum) plus an app
- Maturity
- June 30, 2030
- Event
- incurrence
Exact text from the filing
On June 30, 2023, Hostess Brands, LLC (the “ Borrower ”), an indirect subsidiary of Hostess Brands, Inc. (the “ Company ”), refinanced its $983.2 million of term loans (the “Existing Term Loans”) and its $100.0 million of revolving credit facility commitments (the “ Existing Revolving Facility Commitments ”), by entering into a new First Lien Credit Agreement, dated as of June 30, 2023 (the “ New First Lien Credit Agreement ”), among HB Holdings, LLC (“ Holding s”), the Borrower, the lenders party thereto from time to time (the “ Lenders ”), and JPMorgan Chase Bank, N.A., as administrative agent and collateral agent. Under the New First Lien Credit Agreement, the Lenders made $985.0 million aggregate principal amount of term loans (the “ New Term Loans ”) to the Borrower and certain Lenders agreed to make $200.0 million of revolving facility commitments (the “New Revolving Facility Commitments”) available to the Borrower.
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Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Hostess Brands, Inc. incurred revolving credit of $200.0 million of revolving facility commitments with JPMorgan Chase Bank, N.A., as administrative agent and collateral agent at adjusted term SOFR rate (subject to a SOFR floor of 0.00% per annum) plus an app maturing June 30, 2028.
- Instrument
- revolving credit
- Principal
- $200.0 million of revolving facility commitments
- Counterparty
- JPMorgan Chase Bank, N.A., as administrative agent and collateral agent
- Rate
- adjusted term SOFR rate (subject to a SOFR floor of 0.00% per annum) plus an app
- Maturity
- June 30, 2028
- Event
- incurrence
Exact text from the filing
Under the New First Lien Credit Agreement, the Lenders made $985.0 million aggregate principal amount of term loans (the “ New Term Loans ”) to the Borrower and certain Lenders agreed to make $200.0 million of revolving facility commitments (the “New Revolving Facility Commitments”) available to the Borrower.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Hostess Brands, Inc. entered into New First Lien Credit Agreement with JPMorgan Chase Bank, N.A. valued at $985.0 million term loans and $200.0 million revolving facility commitments (effective 2023-06-30).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- JPMorgan Chase Bank, N.A.
- Value
- $985.0 million term loans and $200.0 million revolving facility commitments
- Effective
- 2023-06-30
Exact text from the filing
On June 30, 2023, Hostess Brands, LLC (the “ Borrower ”), an indirect subsidiary of Hostess Brands, Inc. (the “ Company ”), refinanced its $983.2 million of term loans (the “Existing Term Loans”) and its $100.0 million of revolving credit facility commitments (the “ Existing Revolving Facility Commitments ”), by entering into a new First Lien Credit Agreement, dated as of June 30, 2023 (the “ New First Lien Credit Agreement ”), among HB Holdings, LLC (“ Holding s”), the Borrower, the lenders party thereto from time to time (the “ Lenders ”), and JPMorgan Chase Bank, N.A., as administrative agent and collateral agent.
View on SEC.gov