$1.11bn committed across 2 active facilities. HLMN
Springing: Tested during any Covenant Trigger Period: commencing when Specified Availability is less than the greater of 10% of the Line Cap and $30,000,000 and continuing until restored for 30 consecutive days.
Equity cure available.
During any Covenant Trigger Period, the Lead Borrower will not permit the Fixed Charge Coverage Ratio (calculated on a Pro Forma Basis as of the last day of the most recently ended Test Period) to be less than 1.00:1.00.Read the filing on sec.gov ↗
Signed Jul 22, 2026
| Tranche | Size | Matures | Margin |
|---|---|---|---|
| Initial Term Loan | $735m | n/a | 200 bps |
| 2026 Incremental Term Loans | n/a | n/a | n/a |
Priced over Term SOFR, floor 0 bps (Term Loan B).
| Level | Condition | Margin | Unused fee |
|---|---|---|---|
| Level Level 1 | all times | 200 bps | n/a |
§1.01
Lenders: Jefferies Finance LLC, U.S. Bank National Association, BofA Securities, Inc., PNC Capital Markets LLC, Fifth Third Bank, National Association
Signed Jul 22, 2026
| Tranche | Size | Matures | Margin |
|---|---|---|---|
| Initial US Revolving Facility | $325m | n/a | 125–150 bps |
| Initial Canadian Revolving Facility | $50m | n/a | 125–150 bps |
Priced over Term SOFR, floor 0 bps (Revolving credit facility).
| Level | Condition | Margin | Unused fee |
|---|---|---|---|
| Level Category 1 | Average Availability ≥ 50% | 125 bps | n/a |
| Level Category 2 | Average Availability < 50% | 150 bps | n/a |
§1.01
Lenders: U.S. Bank National Association, Bank of America N.A., PNC Bank, National Association, Fifth Third Bank, National Association
Aug 28, 2026
Amendmentunconfirmed
Adds a $200,000,000 incremental term loan facility to fund the Kanebridge acquisition and related transactions. The new 2026 Incremental Term Loans are deemed the same Class as the Initial Term Loans and bear the same Applicable Rate, effective August 28, 2026.
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