$150m committed across 1 active facility, next covenant test Sep 30, 2026. ARLP
The Borrower and the Subsidiary Loan Parties will maintain, as of the end of each Fiscal Quarter, commencing with the Fiscal Quarter ending on September 30, 2026, a Secured Leverage Ratio of not greater than 2:00 to 1:00.Read the filing on sec.gov ↗
The Borrower and the Subsidiary Loan Parties will maintain, as of the end of each Fiscal Quarter, commencing with the Fiscal Quarter ending on September 30, 2026, a Total Leverage to Consolidated Cash Flow Ratio of not greater than 2:50 to 1.Read the filing on sec.gov ↗
Signed Jul 1, 2026
| Tranche | Size | Matures | Margin |
|---|---|---|---|
| Term Loan | $150m | Jan 2028 | 175–225 bps |
Priced over Term SOFR, floor 0 bps (Term Loan A).
| Level | Condition | Margin | Unused fee |
|---|---|---|---|
| Level I | Greater than or equal to $99,000,000 | 225 bps | n/a |
| Level II | Less than $99,000,000, but greater than or equal to $49,500,000 | 200 bps | n/a |
| Level III | Less than $49,500,000 | 175 bps | n/a |
Lenders: TRUIST SECURITIES, INC., Truist Bank
No amendments on file yet.
Email [email protected].