Key facts
Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
AVID TECHNOLOGY, INC. incurred credit facility of (i) an initial United States Dollar term loan facility in an aggregate principal amount equal to $400 million, (ii) an i with Sixth Street Lending Partners, as administrative agent and collateral agent, the lenders from time to time party thereto and the guarantors from time to time party thereto at not specified in excerpt maturing not specified in excerpt.
- Instrument
- credit facility
- Principal
- (i) an initial United States Dollar term loan facility in an aggregate principal amount equal to $400 million, (ii) an i
- Counterparty
- Sixth Street Lending Partners, as administrative agent and collateral agent, the lenders from time to time party thereto and the guarantors from time to time party thereto
- Rate
- not specified in excerpt
- Maturity
- not specified in excerpt
- Event
- incurrence
Exact text from the filing
Concurrently with the closing of the Merger, Parent and the Company and certain of the Company’s subsidiaries entered into that certain Credit Agreement with Artisan Midco, Inc., a Delaware corporation and the sole stockholder of Parent, Sixth Street Lending Partners, as administrative agent and collateral agent, the lenders from time to time party thereto and the guarantors from time to time party thereto (the “ Credit Agreement ”), which provides for (i) an initial United States Dollar term loan facility in an aggregate principal amount equal to $400 million, (ii) an initial Euro term loan facility in an aggregate principal amount equal to approximately $200 million and (iii) a revolving loan facility in an aggregate principal amount of up to $60 million.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Philip Anderson was appointed as Director at AVID TECHNOLOGY, INC..
- Action
- appointed
- Role
- Director
Exact text from the filing
William Chisholm, Jeff Rosica, Philip Anderson and Patrick Fouhy became the sole directors of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Nancy Hawthorne resigned as Director at AVID TECHNOLOGY, INC..
- Action
- resigned
- Role
- Director
Exact text from the filing
the following persons, who were directors of the Company prior to the Effective Time, ceased to be directors of the Company: Christian A. Asmar, Robert M. Bakish, Paula E. Boggs, Elizabeth M. Daley, Nancy Hawthorne, Daniel B. Silvers, John P. Wallace and Peter M. Westley.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Peter M. Westley resigned as Director at AVID TECHNOLOGY, INC..
- Action
- resigned
- Role
- Director
Exact text from the filing
the following persons, who were directors of the Company prior to the Effective Time, ceased to be directors of the Company: Christian A. Asmar, Robert M. Bakish, Paula E. Boggs, Elizabeth M. Daley, Nancy Hawthorne, Daniel B. Silvers, John P. Wallace and Peter M. Westley.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Robert M. Bakish resigned as Director at AVID TECHNOLOGY, INC..
- Action
- resigned
- Role
- Director
Exact text from the filing
the following persons, who were directors of the Company prior to the Effective Time, ceased to be directors of the Company: Christian A. Asmar, Robert M. Bakish, Paula E. Boggs, Elizabeth M. Daley, Nancy Hawthorne, Daniel B. Silvers, John P. Wallace and Peter M. Westley.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Daniel B. Silvers resigned as Director at AVID TECHNOLOGY, INC..
- Action
- resigned
- Role
- Director
Exact text from the filing
the following persons, who were directors of the Company prior to the Effective Time, ceased to be directors of the Company: Christian A. Asmar, Robert M. Bakish, Paula E. Boggs, Elizabeth M. Daley, Nancy Hawthorne, Daniel B. Silvers, John P. Wallace and Peter M. Westley.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Christian A. Asmar resigned as Director at AVID TECHNOLOGY, INC..
- Action
- resigned
- Role
- Director
Exact text from the filing
the following persons, who were directors of the Company prior to the Effective Time, ceased to be directors of the Company: Christian A. Asmar, Robert M. Bakish, Paula E. Boggs, Elizabeth M. Daley, Nancy Hawthorne, Daniel B. Silvers, John P. Wallace and Peter M. Westley.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Patrick Fouhy was appointed as Director at AVID TECHNOLOGY, INC..
- Action
- appointed
- Role
- Director
Exact text from the filing
William Chisholm, Jeff Rosica, Philip Anderson and Patrick Fouhy became the sole directors of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Kenneth Gayron departed as Chief Financial Officer at AVID TECHNOLOGY, INC..
- Action
- departed
- Role
- Chief Financial Officer
Exact text from the filing
Effective November 8, 2023, Kenneth Gayron is no longer the Company’s Chief Financial Officer.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Elizabeth M. Daley resigned as Director at AVID TECHNOLOGY, INC..
- Action
- resigned
- Role
- Director
Exact text from the filing
the following persons, who were directors of the Company prior to the Effective Time, ceased to be directors of the Company: Christian A. Asmar, Robert M. Bakish, Paula E. Boggs, Elizabeth M. Daley, Nancy Hawthorne, Daniel B. Silvers, John P. Wallace and Peter M. Westley.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Paula E. Boggs resigned as Director at AVID TECHNOLOGY, INC..
- Action
- resigned
- Role
- Director
Exact text from the filing
the following persons, who were directors of the Company prior to the Effective Time, ceased to be directors of the Company: Christian A. Asmar, Robert M. Bakish, Paula E. Boggs, Elizabeth M. Daley, Nancy Hawthorne, Daniel B. Silvers, John P. Wallace and Peter M. Westley.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
John P. Wallace resigned as Director at AVID TECHNOLOGY, INC..
- Action
- resigned
- Role
- Director
Exact text from the filing
the following persons, who were directors of the Company prior to the Effective Time, ceased to be directors of the Company: Christian A. Asmar, Robert M. Bakish, Paula E. Boggs, Elizabeth M. Daley, Nancy Hawthorne, Daniel B. Silvers, John P. Wallace and Peter M. Westley.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
William Chisholm was appointed as Director at AVID TECHNOLOGY, INC..
- Action
- appointed
- Role
- Director
Exact text from the filing
William Chisholm, Jeff Rosica, Philip Anderson and Patrick Fouhy became the sole directors of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jeff Rosica was appointed as Director at AVID TECHNOLOGY, INC..
- Action
- appointed
- Role
- Director
Exact text from the filing
William Chisholm, Jeff Rosica, Philip Anderson and Patrick Fouhy became the sole directors of the Company.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
AVID TECHNOLOGY, INC.: Following merger completion, certificate of incorporation and bylaws were amended and restated in their entirety effective at the Effective Time.
- Change
- bylaw amendment
Exact text from the filing
Effective as of the Effective Time and as a result of the completion of the Merger, the certificate of incorporation and the bylaws of the Company, as in effect immediately prior to the Merger, were amended and restated in their entirety.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
AVID TECHNOLOGY, INC. entered into Credit Agreement with Sixth Street Lending Partners valued at Initial U.S. dollar term loan facility of $400 million, initial Euro term loan facility of approxima (effective 2023-11-08).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Sixth Street Lending Partners
- Value
- Initial U.S. dollar term loan facility of $400 million, initial Euro term loan facility of approxima
- Effective
- 2023-11-08
Exact text from the filing
Concurrently with the closing of the Merger, Parent and the Company and certain of the Company’s subsidiaries entered into that certain Credit Agreement with Artisan Midco, Inc., a Delaware corporation and the sole stockholder of Parent, Sixth Street Lending Partners, as administrative agent and collateral agent, the lenders from time to time party thereto and the guarantors from time to time party thereto (the “ Credit Agreement ”), which provides for (i) an initial United States Dollar term loan facility in an aggregate principal amount equal to $400 million, (ii) an initial Euro term loan facility in an aggregate principal amount equal to approximately $200 million and (iii) a revolving loan facility in an aggregate principal amount of up to $60 million.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
AVID TECHNOLOGY, INC. terminated JPM Credit Facility with JPMorgan Chase Bank, N.A. valued at The Company paid all outstanding obligations and terminated the JPM Credit Facility (effective 2023-11-08).
- Action
- termination
- Agreement
- credit facility
- Counterparty
- JPMorgan Chase Bank, N.A.
- Value
- The Company paid all outstanding obligations and terminated the JPM Credit Facility
- Effective
- 2023-11-08
Exact text from the filing
Concurrently with the closing of the Merger, the Company paid all outstanding obligations under that certain Second Amended and Restated Credit Agreement, dated October 6, 2022, by and among the Company, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent, as amended (the “ JPM Credit Facility ”), and the Company terminated the JPM Credit Facility and all credit commitments under the JPM Credit Facility.
View on SEC.gov
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