When the limit steps, and which way the company's ratio has been moving.
Signed Sep 10, 2026
| Tranche | Size | Matures | Margin |
|---|---|---|---|
| Revolving credit facility | $350m | Sep 2031 | 100–175 bps |
Priced over Term SOFR, floor 0 bps (Revolving credit facility).
| Level | Condition | Margin | Unused fee |
|---|---|---|---|
| Level I | ≥ 3.00:1.00 | 175 bps | 23 bps |
| Level II | < 3.00:1.00 but ≥ 2.00:1.00 | 150 bps | 18 bps |
| Level III | < 2.00:1.00 but ≥ 1.00:1.00 | 125 bps | 13 bps |
| Level IV | < 1.00:1.00 | 100 bps | 10 bps |
Lenders: JPMorgan Chase Bank, N.A., BofA Securities, Inc., PNC Capital Markets LLC
The Parent shall not permit the Consolidated Net Debt Coverage Ratio to be greater than 3.50 to 1.00Read the filing on sec.gov ↗
Springing: At such time as the Parent or any of its Subsidiaries are no longer bound by a consolidated net worth or similar covenant contained in any Material Indebtedness.
the Parent shall not permit the Consolidated Interest Coverage Ratio to be less than 2.50 to 1.00Read the filing on sec.gov ↗
Springing: For so long as the Parent or any of its Subsidiaries are bound by a consolidated net worth or similar covenant contained in any Material Indebtedness.
the Parent shall not permit Consolidated Net Worth at any time to be less than the sum of $1,988,582,500 plus 50% of positive Consolidated Net Income as of the end of each fiscal quarterRead the filing on sec.gov ↗
No amendments on file yet.
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