debt
confidence high
sentiment neutral
materiality 0.35
Lineage amends note purchase agreements; parent joins as obligor, 24 entities released
Lineage, Inc.
- Amended 2021 and 2022 note purchase agreements; added Lineage, Inc. and six other entities as new obligor affiliates.
- Released 24 entities from obligor status under 2021 note agreement, including Lineage Norway Holdings and Lineage UK Holdings.
- Paid amendment fee of 0.05% of outstanding notes to holders; no default or event of default occurred.
- Amendments condition precedent included legal opinions, certificates, and documentation for each new obligor affiliate.