{"schema_version":"secwatch.filing_event.v1","accession":"0001644406-23-000030","form_type":"8-K","ticker":null,"cik":"0001644406","company_name":"Hostess Brands, Inc.","filed_at":"2023-06-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.810785+00:00","generated_at":"2026-06-13T13:59:20.862473+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Hostess Brands refinances $983M term loans and $100M revolver with $985M term loans and $200M revolver","bullets":["New $985M term loans mature June 30, 2030; SOFR + 2.50% or base + 1.50%.","New $200M revolver matures June 30, 2028; SOFR + 2.25-2.00% or base + 1.25-1.00%.","Proceeds used to repay existing $983.2M term loans and $100M revolving commitments.","Credit agreement includes customary covenants; financial covenant modified slightly.","Refinancing executed June 30, 2023; administrative agent is JPMorgan Chase."],"urls":{"canonical":"https://secwatch.observer/filing/0001644406-23-000030","json":"https://secwatch.observer/filing/0001644406-23-000030.json","markdown":"https://secwatch.observer/filing/0001644406-23-000030.md","text":"https://secwatch.observer/filing/0001644406-23-000030.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1644406/000164440623000030/0001644406-23-000030-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1644406/000164440623000030/twnk-20230630.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T13:59:20.862473+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0b3daf19fd2e06d7e32716d12c40194a20f3c4bc","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1644406/000164440623000030/0001644406-23-000030-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$985.0 million aggregate principal amount of term loans"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as administrative agent and collateral agent"},{"label":"Rate","value":"adjusted term SOFR rate (subject to a SOFR floor of 0.00% per annum) plus an app"},{"label":"Maturity","value":"June 30, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"f28ccaf94c8db07db73a931b36c2244de565cef2","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1644406/000164440623000030/0001644406-23-000030-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$200.0 million of revolving facility commitments"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as administrative agent and collateral agent"},{"label":"Rate","value":"adjusted term SOFR rate (subject to a SOFR floor of 0.00% per annum) plus an app"},{"label":"Maturity","value":"June 30, 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"054d4006c69b12f5ddae243f5a34e557d1c3b4d5","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1644406/000164440623000030/0001644406-23-000030-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A."},{"label":"Value","value":"$985.0 million term loans and $200.0 million revolving facility commitments"},{"label":"Effective","value":"2023-06-30"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}