Item 1.01. Entry into a Material Definitive Agreement.
On
The delayed draw term loan is available for six months and is subject to the
satisfaction of certain conditions precedent, including, but not limited to, the
consent of the lenders providing the delayed draw term loan. In addition, the
credit facility includes a letter of credit facility in the amount of
Proceeds from the new credit facility were used repay in full the obligations
outstanding under both the Company's existing first lien credit agreement, dated
as of
The first-lien term loan requires amortization in the form of quarterly
scheduled principal payments as specified in the Credit Agreement and will
mature on
Obligations under the Credit Agreement are secured by substantially all of the Company's assets. Also, the Credit Agreement includes representations and warranties, and affirmative and negative covenants customary for financings of this type, including, but not limited to, limitations on additional borrowings, additional investments and asset sales.
Some of the lenders and their affiliates have various relationships with the Company in the ordinary course of business involving the provision of financial services, including cash management, commercial banking, investment banking or other services.
A copy of the Credit Agreement is filed as Exhibit 10.1 hereto and is incorporated herein by reference. The above descriptions of the Credit Agreement contained herein are qualified in their entirety by the full text of such exhibit.
Item 1.02. Termination of a Material Definitive Agreement.
Effective
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The descriptions of the Credit Agreement set forth above under Item 1.01 are incorporated by reference into this Item 2.03.
Item 7.01. Regulation FD Disclosure.
On
This information under Item 7.01 of this Report, including exhibit 99.1, attached hereto, is furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Exchange Act or Securities Act of 1933, as amended, except as expressly set forth by specific reference in such a filing.
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Item 9.01 Financial Statements and Exhibits
(d) Exhibits Exhibit No. Description 10.1 #ERROR! Can't render LINK 65b7e8fb-c4e9-4238-ab66-7a68aac17799 object 99.1 Press release datedNovember 19, 2021 104 Cover Page Interactive Data File (formatted as Inline XBRL). - 3 -
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