Lamb Weston ups revolver to $1.5B, extends maturity to 2029; adds €200M European term loan

Lamb Weston Holdings, Inc.

Revolver commitments increased from $1.0B to $1.5B; maturity extended from Aug 2026 to May 2029.
New €200M European term loan (for LW EMEA) maturing May 2029; no amortization payments required.
New $325M Term A-4 loan added; proceeds used to repay existing Term A-2 loan in full.
LW EMEA repaid ~€200M and terminated its existing €400M revolver on closing date.
Interest rates tied to consolidated net leverage ratio: 1.125%-1.75% for SOFR loans.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Lamb Weston Holdings, Inc. entered into Amended and Restated Credit Agreement with AgWest Farm Credit, PCA, as administrative agent valued at $325.0 million (effective 2024-05-03).

Action: entry
Agreement: credit facility
Counterparty: AgWest Farm Credit, PCA, as administrative agent
Value: $325.0 million
Effective: 2024-05-03

Exact text from the filing

On the Closing Date, the Company entered into the Amended and Restated Credit Agreement (the “Term Loan Credit Agreement”), among the Company, as the borrower, the guarantors party thereto, the lenders from time to time party thereto and AgWest Farm Credit, PCA, as administrative agent.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Lamb Weston Holdings, Inc. entered into Amended and Restated Credit Agreement with Bank of America, N.A., as administrative agent valued at $1.5 billion (effective 2024-05-03).

Action: entry
Agreement: credit facility
Counterparty: Bank of America, N.A., as administrative agent
Value: $1.5 billion
Effective: 2024-05-03

Exact text from the filing

On May 3, 2024 (the “Closing Date”), Lamb Weston Holdings, Inc. (the “Company”) entered into the Amended and Restated Credit Agreement (the “Revolving Credit Agreement”), among the Company, as a borrower, Lamb-Weston/Meijer v.o.f. (“LW EMEA”), as a borrower, the guarantors party thereto, the lenders from time to time party thereto and Bank of America, N.A., as administrative agent.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Lamb Weston Holdings, Inc. terminated Existing Revolving Credit Agreement.

Action: termination
Agreement: credit facility

Exact text from the filing

The Revolving Credit Agreement replaces the Company’s existing Credit Agreement, dated as of November 9, 2016 (as amended, the “Existing Revolving Credit Agreement”)

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Lamb Weston Holdings, Inc. terminated Existing Term Loan Credit Agreement.

Action: termination
Agreement: credit facility

Exact text from the filing

The Term Loan Credit Agreement replaces the Company’s existing Credit Agreement, dated as of June 28, 2019 (as amended, the “Existing Term Loan Credit Agreement”)

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307 material agreements filed in the last 30 days. Browse all material agreements →

Lamb Weston Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001679273-24-000026

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