secwatch.observer — SEC 8-K summary
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Issuer:     Simply Good Foods Co (SMPL)
CIK:        0001702744
Form:       8-K
Filed at:   2022-01-14T23:59:59+00:00
Accession:  0001702744-22-000014
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1702744/000170274422000014/0001702744-22-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1702744/000170274422000014/atk-20220114.htm
  HTML page:      https://secwatch.observer/filing/0001702744-22-000014

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