---
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"
generated_at: "2026-06-03T19:10:03.696347+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Utz sells two facilities to Our Home for $18.5M, reprices $630M term loan to SOFR+2.75%

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001739566-24-000062
- JSON: https://secwatch.observer/filing/0001739566-24-000062.json
- Plain text: https://secwatch.observer/filing/0001739566-24-000062.txt

## Key facts
- Debt Financings
  Utz Brands, Inc. incurred term loan of $630 million at SOFR rate +2.75% maturing January 2028 maturity date.
  - Instrument: term loan
  - Principal: $630 million
  - Rate: SOFR rate +2.75%
  - Maturity: January 2028 maturity date
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1739566/000173956624000062/0001739566-24-000062-index.htm
- Material Agreements
  Utz Brands, Inc. amended First Lien Credit Agreement valued at $630 million (effective 2024-04-17).
  - Action: amendment
  - Agreement: credit facility
  - Value: $630 million
  - Effective: 2024-04-17
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1739566/000173956624000062/0001739566-24-000062-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.