$500m committed across 1 active facility, next covenant test Sep 30, 2026. CHH
Total leverage: when the limit steps, and which way the company's ratio has been moving.
As of the last day of each fiscal quarter commencing with the fiscal quarter ending on September 30, 2026 and thereafter, in the case of the Borrower, permit the Consolidated Leverage Ratio to exceed 4.50:1.00.Read the filing on sec.gov ↗
Springing: Applies only when the Borrower no longer maintains an Investment Grade Rating.
In the case of the Borrower, permit the Consolidated Fixed Charge Coverage Ratio as of the last day of each fiscal quarter commencing with the fiscal quarter ending on September 30, 2026 to be less than 2.50:1.00;Read the filing on sec.gov ↗
Signed Aug 28, 2026
| Tranche | Size | Matures | Margin |
|---|---|---|---|
| Term Loan | $500m | Aug 2029 | 125 bps |
Priced over Term SOFR, floor 0 bps (Term Loan A).
| Level | Condition | Margin | Unused fee |
|---|---|---|---|
| Level Level 1 | all times | 125 bps | n/a |
Lenders: WELLS FARGO SECURITIES, LLC, BOFA SECURITIES, INC., TRUIST SECURITIES, INC., PNC CAPITAL MARKETS LLC
No amendments on file yet.
Email [email protected].