Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Portillo's Inc. incurred revolving credit of initial aggregate principal amount of $100 million with Fifth Third Bank, National Association, as Administrative Agent, L/C Issuer and Swing Line Lender at forward-looking secured overnight financing rate plus an applicable rate determi maturing five years from the Closing Date.
- Instrument
- revolving credit
- Principal
- initial aggregate principal amount of $100 million
- Counterparty
- Fifth Third Bank, National Association, as Administrative Agent, L/C Issuer and Swing Line Lender
- Rate
- forward-looking secured overnight financing rate plus an applicable rate determi
- Maturity
- five years from the Closing Date
- Event
- incurrence
Exact text from the filing
The New Credit Agreement provides for a Term A Loan (“Term Loan”) in an initial aggregate principal amount of $300 million and initial Revolving Credit Commitments in an initial aggregate principal amount of $100 million (the “Revolver Facility”).
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Portillo's Inc. incurred credit facility of initial aggregate principal amount of $300 million with Fifth Third Bank, National Association, as Administrative Agent, L/C Issuer and Swing Line Lender at forward-looking secured overnight financing rate plus an applicable rate determi maturing five years from the Closing Date.
- Instrument
- credit facility
- Principal
- initial aggregate principal amount of $300 million
- Counterparty
- Fifth Third Bank, National Association, as Administrative Agent, L/C Issuer and Swing Line Lender
- Rate
- forward-looking secured overnight financing rate plus an applicable rate determi
- Maturity
- five years from the Closing Date
- Event
- incurrence
Exact text from the filing
The New Credit Agreement provides for a Term A Loan (“Term Loan”) in an initial aggregate principal amount of $300 million and initial Revolving Credit Commitments in an initial aggregate principal amount of $100 million (the “Revolver Facility”).
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Portillo's Inc. entered into Credit Agreement with Fifth Third Bank, National Association, as Administrative Agent, L/C Issuer and Swing Line Lender valued at initial aggregate principal amount of $300 million and initial Revolving Credit Commitments in an in (effective 2023-02-02).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Fifth Third Bank, National Association, as Administrative Agent, L/C Issuer and Swing Line Lender
- Value
- initial aggregate principal amount of $300 million and initial Revolving Credit Commitments in an in
- Effective
- 2023-02-02
Exact text from the filing
On February 2, 2023 (the “Closing Date”), PHD Intermediate LLC, a Delaware limited liability company (“Holdings”), Portillo’s Holdings, LLC, a Delaware limited liability company (the “Borrower”), the other Guarantors party thereto from time to time, each lender from time to time party thereto (collectively, the “Lenders” and individually, a “Lender”) and Fifth Third Bank, National Association, as Administrative Agent, L/C Issuer and Swing Line Lender entered into a Credit Agreement (“New Credit Agreement”).
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