Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Knife River Corp amended term loan of approximately $265 million with JPMorgan Chase Bank, N.A., as administrative agent at Term SOFR or alternate base rate plus applicable rate based on consolidated tota maturing March 7, 2030 (fifth anniversary of Effective Date).
- Instrument
- term loan
- Principal
- approximately $265 million
- Counterparty
- JPMorgan Chase Bank, N.A., as administrative agent
- Rate
- Term SOFR or alternate base rate plus applicable rate based on consolidated tota
- Maturity
- March 7, 2030 (fifth anniversary of Effective Date)
- Event
- amendment
Exact text from the filing
On March 7, 2025 (the “Effective Date”), Knife River Corporation (the “Company”) and certain of its subsidiaries entered into that certain First Amendment (the “First Amendment”) with the lenders and other parties party thereto and JPMorgan Chase Bank, N.A., as administrative agent, amending that certain Credit Agreement, dated as of May 31, 2023 (as previously amended, supplemented or otherwise modified prior to such date, the “Credit Agreement”), among the Company, the lenders and other parties party thereto and JPMorgan Chase Bank, N.A., as administrative agent and collateral agent. The First Amendment provides for (a) a five-year, senior secured revolving credit facility with aggregate commitments in an amount equal to $500 million (the “Revolving Credit Facility”), (b) a five-year, senior secured term loan facility in an aggregate principal amount equal to approximately $265 million (the “Term Loan A Facility”) and (c) a seven-year, senior secured term loan facility in an aggregat
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Knife River Corp amended revolving credit of $500 million with JPMorgan Chase Bank, N.A., as administrative agent at Term SOFR or alternate base rate plus applicable rate based on consolidated tota maturing March 7, 2030 (fifth anniversary of Effective Date).
- Instrument
- revolving credit
- Principal
- $500 million
- Counterparty
- JPMorgan Chase Bank, N.A., as administrative agent
- Rate
- Term SOFR or alternate base rate plus applicable rate based on consolidated tota
- Maturity
- March 7, 2030 (fifth anniversary of Effective Date)
- Event
- amendment
Exact text from the filing
On March 7, 2025 (the “Effective Date”), Knife River Corporation (the “Company”) and certain of its subsidiaries entered into that certain First Amendment (the “First Amendment”) with the lenders and other parties party thereto and JPMorgan Chase Bank, N.A., as administrative agent, amending that certain Credit Agreement, dated as of May 31, 2023 (as previously amended, supplemented or otherwise modified prior to such date, the “Credit Agreement”), among the Company, the lenders and other parties party thereto and JPMorgan Chase Bank, N.A., as administrative agent and collateral agent. The First Amendment provides for (a) a five-year, senior secured revolving credit facility with aggregate commitments in an amount equal to $500 million (the “Revolving Credit Facility”), (b) a five-year, senior secured term loan facility in an aggregate principal amount equal to approximately $265 million (the “Term Loan A Facility”) and (c) a seven-year, senior secured term loan facility in an aggregat
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Knife River Corp incurred term loan of $500 million with JPMorgan Chase Bank, N.A., as administrative agent at Term SOFR plus 2.00% per annum or alternate base rate plus 1.00% per annum maturing March 7, 2032 (seventh anniversary of Effective Date).
- Instrument
- term loan
- Principal
- $500 million
- Counterparty
- JPMorgan Chase Bank, N.A., as administrative agent
- Rate
- Term SOFR plus 2.00% per annum or alternate base rate plus 1.00% per annum
- Maturity
- March 7, 2032 (seventh anniversary of Effective Date)
- Event
- incurrence
Exact text from the filing
On March 7, 2025 (the “Effective Date”), Knife River Corporation (the “Company”) and certain of its subsidiaries entered into that certain First Amendment (the “First Amendment”) with the lenders and other parties party thereto and JPMorgan Chase Bank, N.A., as administrative agent, amending that certain Credit Agreement, dated as of May 31, 2023 (as previously amended, supplemented or otherwise modified prior to such date, the “Credit Agreement”), among the Company, the lenders and other parties party thereto and JPMorgan Chase Bank, N.A., as administrative agent and collateral agent. The First Amendment provides for (a) a five-year, senior secured revolving credit facility with aggregate commitments in an amount equal to $500 million (the “Revolving Credit Facility”), (b) a five-year, senior secured term loan facility in an aggregate principal amount equal to approximately $265 million (the “Term Loan A Facility”) and (c) a seven-year, senior secured term loan facility in an aggregat
View on SEC.gov