{"schema_version":"secwatch.filing_event.v1","accession":"0001739566-24-000062","form_type":"8-K","ticker":"UTZ","cik":"0001739566","company_name":"Utz Brands, Inc.","filed_at":"2024-04-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.836238+00:00","generated_at":"2026-06-03T19:10:03.696347+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Utz sells two facilities to Our Home for $18.5M, reprices $630M term loan to SOFR+2.75%","bullets":["Sale of Berlin, PA and Fitchburg, MA facilities to Our Home for $18.5M total cash proceeds.","After-tax net proceeds of ~$14M to reduce debt (~$9M) and add cash (~$5M).","Repriced $630M term loan to SOFR+2.75% (down 36 bps), saving ~$2M annually in interest.","Utz now operates 8 primary manufacturing facilities, down from 16 in 2021.","Transaction expected accretive to 2024 adjusted EPS; $45M cost savings target unchanged."],"urls":{"canonical":"https://secwatch.observer/filing/0001739566-24-000062","json":"https://secwatch.observer/filing/0001739566-24-000062.json","markdown":"https://secwatch.observer/filing/0001739566-24-000062.md","text":"https://secwatch.observer/filing/0001739566-24-000062.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1739566/000173956624000062/0001739566-24-000062-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1739566/000173956624000062/utz-20240417.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T19:10:03.696347+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":"38bd00fdabf57a965a811f200ab55bc2562d85b0","claim":"Utz Brands, Inc. incurred term loan of $630 million at SOFR rate +2.75% maturing January 2028 maturity date.","evidence_excerpt":"other changes to the Existing Credit Agreement. Pursuant to the Refinancing Facility, the Borrower refinanced, in full, outstanding term loans having a principal amount of $630 million as of the Refinancing Date. Except as set forth herein, the material terms of the Refinancing Facility, including the January 2028 maturity date, remain unchanged. Under the","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1739566/000173956624000062/0001739566-24-000062-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$630 million"},{"label":"Rate","value":"SOFR rate +2.75%"},{"label":"Maturity","value":"January 2028 maturity date"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"1bb293b10533167c25fb583952dc7ae5fa09e203","claim":"Utz Brands, Inc. amended First Lien Credit Agreement valued at $630 million (effective 2024-04-17).","evidence_excerpt":"Pursuant to the Refinancing Facility, the Borrower refinanced, in full, outstanding term loans having a principal amount of $630 million as of the Refinancing Date.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1739566/000173956624000062/0001739566-24-000062-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Value","value":"$630 million"},{"label":"Effective","value":"2024-04-17"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}