---
schema_version: "secwatch.filing_event.v1"
accession: "0001702744-22-000014"
form_type: "8-K"
ticker: "SMPL"
cik: "0001702744"
company_name: "Simply Good Foods Co"
filed_at: "2022-01-14T23:59:59+00:00"
generated_at: "2026-06-27T17:58:21.042013+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Simply Good Foods reprices $431.5M term loan; margin cut 50 bps to SOFR+3.25%

## Summary
- Repriced $431.5M term loan; margin reduced from LIBOR+3.75% to SOFR+3.25%, plus credit spread adjustment of 10-25 bps.
- Minimum SOFR rate set at 50 bps, replacing 1% LIBOR floor.
- Term loan maturity unchanged at July 7, 2024; closing expected on or about Jan 21, 2022.
- Revolving credit now bears SOFR plus applicable margin, with no credit spread adjustment or minimum SOFR.

## SEC filing metadata
- accession: 0001702744-22-000014
- form_type: 8-K
- ticker: SMPL
- cik: 0001702744
- company_name: Simply Good Foods Co
- filed_at: 2022-01-14T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1702744/000170274422000014/0001702744-22-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1702744/000170274422000014/atk-20220114.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001702744-22-000014
- JSON: https://secwatch.observer/filing/0001702744-22-000014.json
- Plain text: https://secwatch.observer/filing/0001702744-22-000014.txt

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