Utz Brands refinances $630M term loan; lowers rate, extends maturity to 2032

Utz Brands, Inc.

Refinanced $630.3M in term loans, reducing SOFR spread from +2.75% to +2.50%.
Maturity extended from January 2028 to January 2032.
Estimated annual cash interest savings of ~$1.6 million.
Facility is senior secured first lien; borrower is subsidiary Utz Quality Foods.
Bank of America acted as administrative agent; BofA Securities as lead arranger.

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