---
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"
generated_at: "2026-06-13T13:59:20.862473+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Hostess Brands refinances $983M term loans and $100M revolver with $985M term loans and $200M revolver

## Summary
- 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.

## SEC filing metadata
- accession: 0001644406-23-000030
- form_type: 8-K
- cik: 0001644406
- company_name: Hostess Brands, Inc.
- filed_at: 2023-06-30T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001644406-23-000030
- JSON: https://secwatch.observer/filing/0001644406-23-000030.json
- Plain text: https://secwatch.observer/filing/0001644406-23-000030.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1644406/000164440623000030/0001644406-23-000030-index.htm
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1644406/000164440623000030/0001644406-23-000030-index.htm
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1644406/000164440623000030/0001644406-23-000030-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.