secwatch / observer
8-K filed August 18, 2023, 7:59 PM ET ticker MYPS CIK 0001823878
debt confidence high sentiment neutral materiality 0.25

PLAYSTUDIOS amends credit agreement to permit equity repurchases for tax withholding; Brainium joins as guarantor

PLAYSTUDIOS, Inc.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

PLAYSTUDIOS, Inc. amended Amendment No. 3 to Credit Agreement with JPMorgan Chase Bank, N.A., as Administrative Agent (effective 2023-08-16).

Action
amendment
Agreement
credit facility
Counterparty
JPMorgan Chase Bank, N.A., as Administrative Agent
Effective
2023-08-16
Exact text from the filing
On August 16, 2023, PLAYSTUDIOS, Inc. (the “Company”), PLAYSTUDIOS US, LLC, a subsidiary of the Company (the “Borrower”), the Lenders party thereto, and JPMorgan Chase Bank, N.A., as Administrative Agent, entered into an Amendment No. 3 to Credit Agreement (the “Amendment No. 3”), which amended the Credit Agreement dated as of June 24, 2021 by and among such parties (as previously amended by Amendment No. 1 to Credit Agreement dated as of May 13, 2022 and by Amendment No. 2 to Credit Agreement dated as of August 9, 2022, the “Credit Agreement”)
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

PLAYSTUDIOS, Inc. entered into Joinder Agreement with JPMorgan Chase Bank, N.A., as Administrative Agent (effective 2023-08-16).

Action
entry
Agreement
credit facility
Counterparty
JPMorgan Chase Bank, N.A., as Administrative Agent
Effective
2023-08-16
Exact text from the filing
In addition, on August 16, 2023, Brainium Studios, LLC (“Brainium), a subsidiary of the Company, and JPMorgan Chase Bank, N.A., in its capacity as Administrative Agent under the Credit Agreement, entered into a Joinder Agreement (the “Brainium Joinder Agreement”) pursuant to which Brainium will be deemed to be a Loan Party under the Credit Agreement and a Loan Guarantor
View on SEC.gov

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PLAYSTUDIOS, Inc. filing history →

Source: SEC EDGAR
accession 0001823878-23-000041
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