secwatch.observer — SEC 8-K summary
======================================

Issuer:     Utz Brands, Inc. (UTZ)
CIK:        0001739566
Form:       8-K
Filed at:   2023-07-21T23:59:59+00:00
Accession:  0001739566-23-000129
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Utz Brands increases ABL revolving facility from $175M to $225M, extends maturity
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1739566/000173956623000129/0001739566-23-000129-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1739566/000173956623000129/utz-20230720.htm
  HTML page:      https://secwatch.observer/filing/0001739566-23-000129

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer