Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Shoals Technologies Group, Inc. incurred revolving credit of $200,000,000 with JPMorgan Chase Bank, N.A., as Administrative Agent at adjusted term SOFR or base rate plus (i) in the case of SOFR loans, 2.50% per an maturing March 19, 2029.
- Instrument
- revolving credit
- Principal
- $200,000,000
- Counterparty
- JPMorgan Chase Bank, N.A., as Administrative Agent
- Rate
- adjusted term SOFR or base rate plus (i) in the case of SOFR loans, 2.50% per an
- Maturity
- March 19, 2029
- Event
- incurrence
Exact text from the filing
from time to time, the “Amended Credit Agreement”). The Amendment, among other things, (i) provides for a new tranche of revolving loans in an aggregate principal amount of $200,000,000 (the “2024 Revolving Loans”), (ii) reduces the interest rate margin applicable to revolving loans outstanding under the Amended Credit Agreement by at least 0.25% with additional
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.99
Shoals Technologies Group, Inc. amended Amendment No. 6 to Credit Agreement with JPMorgan Chase Bank, N.A. valued at $200,000,000 new revolving loans; reduces interest rate margin; reduces commitment fee; extends matu (effective 2024-03-19).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- JPMorgan Chase Bank, N.A.
- Value
- $200,000,000 new revolving loans; reduces interest rate margin; reduces commitment fee; extends matu
- Effective
- 2024-03-19
Exact text from the filing
On March 19, 2024 (the "Effective Date"), Shoals Technologies Group, Inc. (the "Company"), as borrower, and certain of its subsidiaries entered into Amendment No. 6 (the "Amendment") to the Credit Agreement, dated as of November 25, 2020, with Wilmington Trust, National Association, as Collateral Agent, JPMorgan Chase Bank, N.A., as Administrative Agent, and each L/C issuer and lender from time to time party thereto (as amended prior to the Effective Date, the "Existing Credit Agreement," and as amended from time to time, the "Amended Credit Agreement").
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