Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
ChampionX Corp amended term loan of approximately $620 million with JPMorgan Chase Bank, N.A. at adjusted SOFR Rate plus 2.75% per annum or a base rate equal plus 2.75%.
- Instrument
- term loan
- Principal
- approximately $620 million
- Counterparty
- JPMorgan Chase Bank, N.A.
- Rate
- adjusted SOFR Rate plus 2.75% per annum or a base rate equal plus 2.75%
- Event
- amendment
Exact text from the filing
The First Amendment, among other things, amends certain terms of the Existing Credit Agreement, including without limitation, to reprice the Company’s approximately $620 million of existing term loans, in connection with which new term loans in the same amount were issued (the “Term B-2 Loans”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
ChampionX Corp amended Amendment No. 1 to Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto valued at approximately $620 million (effective 2023-09-29).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto
- Value
- approximately $620 million
- Effective
- 2023-09-29
Exact text from the filing
On September 29, 2023 (the “Effective Date”), ChampionX Corporation (the “Company”) entered into Amendment No. 1 to Amended and Restated Credit Agreement (the “First Amendment”), by and among, inter alios, the Company, as borrower, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent, which amends that certain Amended and Restated Credit Agreement dated as of June 7, 2022 (the “Existing Credit Agreement”) by and among, inter alios, the Company, as borrower, the lenders from time to time party thereto and JPMorgan Chase Bank, N.A., as administrative agent.
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