{"schema_version":"secwatch.filing_event.v1","accession":"0001739566-23-000129","form_type":"8-K","ticker":"UTZ","cik":"0001739566","company_name":"Utz Brands, Inc.","filed_at":"2023-07-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.056859+00:00","generated_at":"2026-06-13T05:02:04.585589+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"confidence":"high","headline":"Utz Brands increases ABL revolving facility from $175M to $225M, extends maturity","bullets":["Revolver commitments raised $50M to total $225M, effective July 20, 2023.","Maturity date extended; all other financial maintenance covenants unchanged.","New lenders added: Morgan Stanley, Wells Fargo, Barclays, Goldman Sachs, each with $22.5M commitment.","Bank of America ($70M, 31.11%) remains lead; Royal Bank and Citibank each hold $32.5M.","Upfront fees paid: 0.15% on existing commitments and 0.25% on incremental commitments."],"urls":{"canonical":"https://secwatch.observer/filing/0001739566-23-000129","json":"https://secwatch.observer/filing/0001739566-23-000129.json","markdown":"https://secwatch.observer/filing/0001739566-23-000129.md","text":"https://secwatch.observer/filing/0001739566-23-000129.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1739566/000173956623000129/0001739566-23-000129-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1739566/000173956623000129/utz-20230720.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T05:02:04.585589+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"e92479ae19fee078c548c8135880026ffb75424a","claim":"Utz Brands, Inc. amended revolving credit of approximately $225,000,000.","evidence_excerpt":"The Eighth Amendment amends the Credit Agreement to, among other things, increase the aggregate amount of the revolving credit commitments under the ABL Facility from $175,000,000 to approximately $225,000,000 to align the borrowing capacity under the ABL Facility with the increased size of the borrower parties’ Collateral (as defined in the Credit Agreement), to extend the Maturity Date (as defined in the Credit Agreement), and to make certain other changes to the terms of the ABL Facility.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1739566/000173956623000129/0001739566-23-000129-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"approximately $225,000,000"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"5db342cbf9715d4524e3b2e61d8cc16ca0898a70","claim":"Utz Brands, Inc. amended Eighth Amendment valued at from $175,000,000 to approximately $225,000,000 (effective 2023-07-20).","evidence_excerpt":"On July 20, 2023, certain subsidiaries of Utz Brands Inc., entered into Amendment No. 8 (the “Eighth Amendment”) to an asset-based revolving credit facility (the “ABL Facility”) that was made under the terms of that ABL Credit Agreement dated November 21, 2017 (as amended from time to time, the “Credit Agreement”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1739566/000173956623000129/0001739566-23-000129-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Value","value":"from $175,000,000 to approximately $225,000,000"},{"label":"Effective","value":"2023-07-20"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}