Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Hayward Holdings, Inc. incurred term loan of approximately $125 million with Bank of America, N.A. at Term SOFR plus an applicable interest rate margin (SOFR floor of 0.50%) or alter maturing May 28, 2028.
- Instrument
- term loan
- Principal
- approximately $125 million
- Counterparty
- Bank of America, N.A.
- Rate
- Term SOFR plus an applicable interest rate margin (SOFR floor of 0.50%) or alter
- Maturity
- May 28, 2028
- Event
- incurrence
Exact text from the filing
The Fourth Amendment provides for, among other things, an incremental term loan under the Credit Agreement in an aggregate original principal amount of approximately $125 million (the “Incremental Term Loan B”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Hayward Holdings, Inc. amended Fourth Amendment with Bank of America, N.A., as administrative agent and collateral agent, and the other lenders party thereto valued at approximately $125 million (effective 2022-12-13).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Bank of America, N.A., as administrative agent and collateral agent, and the other lenders party thereto
- Value
- approximately $125 million
- Effective
- 2022-12-13
Exact text from the filing
On December 13, 2022, Hayward Industries, Inc., a New Jersey corporation (the “Borrower”) and a wholly-owned subsidiary of Hayward Holdings, Inc. (the “Company”), and certain wholly-owned subsidiaries of the Borrower party thereto, each, entered into an amendment no. 4 to first lien credit agreement, dated as of December 13, 2022 (the “Fourth Amendment”), with Bank of America, N.A., as administrative agent and collateral agent (the “Administrative Agent”), and the other financial institutions and lenders party thereto, which amended the credit agreement
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