FOURTH AMENDED AND RESTATED CREDIT AGREEMENT

When the limit steps, and which way the company's ratio has been moving.

3.57x3.28x2.99x

Signed Sep 21, 2026

Committed: $1.25bn
Matures: Sep 2031
Agent: JPMORGAN CHASE BANK, N.A.

Tranche	Size	Matures	Margin
Revolving credit facility	$1.25bn	Sep 2031	69–108 bps

Priced over Term SOFR, floor 0 bps (Revolving credit facility).

Level	Condition	Margin	Unused fee
Level I	> 2.25:1.00	108 bps	n/a
Level II	≤ 2.25:1.00 but > 2.00:1.00	100 bps	n/a
Level III	≤ 2.00:1.00 but > 1.50:1.00	90 bps	n/a
Level IV	≤ 1.50:1.00 but > 0.50:1.00	80 bps	n/a
Level V	≤ 0.50:1.00	69 bps	n/a
Level I (fee)	> 2.25:1.00	n/a	18 bps
Level II (fee)	≤ 2.25:1.00 but > 2.00:1.00	n/a	13 bps
Level III (fee)	≤ 2.00:1.00 but > 1.50:1.00	n/a	10 bps
Level IV (fee)	≤ 1.50:1.00 but > 0.50:1.00	n/a	8 bps
Level V (fee)	≤ 0.50:1.00	n/a	6 bps

§1.1

Lenders: JPMORGAN CHASE BANK, N.A., U.S. BANK NATIONAL ASSOCIATION

CovenantTestedHeadroomLimit now

Tested quarterly6.3%ratio 3.28x, estimated, vs 3.50x limit in force at Jun 27, 20263.50x

Permit the Consolidated Net Leverage Ratio at any time during any period of four consecutive fiscal quarters of the Parent Borrower to exceed 3.50 to 1.00; provided, that, to the extent the Parent Borrower consummates an acquisition permitted by this Agreement for aggregate cash consideration exceeding $150,000,000, the Parent Borrower may elect ... to increase the maximum Consolidated Net Leverage Ratio required by this Section 8.1 to 4.00 to 1.00 for the four consecutive fiscal quarters of the Parent Borrower following such acquisition (commencing with and including the fiscal quarter in which such acquisition was consummated).

Read the filing on sec.gov ↗

Download CSV · Download JSON

Amendments

No amendments on file yet.

Report an error

Email [email protected].