Signed Oct 10, 2023
| Tranche | Size | Matures | Margin |
|---|---|---|---|
| Initial Term Loan Facility | $175m | Oct 2028 | 575–625 bps |
Priced over Term SOFR, floor 200 bps (Term Loan B).
| Level | Condition | Margin | Unused fee |
|---|---|---|---|
| Level initial | all times | 625 bps | n/a |
| Level 1 | > 3.00:1.00 | 625 bps | n/a |
| Level 2 | > 2.50:1.00 but ≤ 3.00:1.00 | 600 bps | n/a |
| Level 3 | ≤ 2.50:1.00 | 575 bps | n/a |
Beginning with the Fiscal Quarter ending June 30, 2025 and ending with the Fiscal Quarter ending December 31, 2025, permit the Consolidated Total Leverage Ratio as of the last day of any Fiscal Quarter to exceed 5.00:1.00Read the filing on sec.gov ↗
For each Fiscal Quarter, as of the last day of such Fiscal Quarter, permit the Liquidity to be less than $20,000,000 or permit the Unrestricted Cash to be less than $10,000,000.Read the filing on sec.gov ↗
For each Fiscal Quarter, as of the last day of such Fiscal Quarter, permit the Liquidity to be less than $20,000,000 or permit the Unrestricted Cash to be less than $10,000,000.Read the filing on sec.gov ↗
Jul 2, 2026
Amendment
The parties amended the Credit and Guaranty Agreement to read in full as the form attached to the amendment and replaced the Compliance Certificate with a new form. No specific changes to economics, maturities, or covenants are stated in the operative amendment text.
Email [email protected].