When the limit steps, and which way the company's ratio has been moving.
Signed Jun 12, 2026
| Tranche | Size | Matures | Margin |
|---|---|---|---|
| Revolving credit facility | $600m | n/a | 125–200 bps |
Priced over Term SOFR, floor 0 bps (Revolving credit facility).
| Level | Condition | Margin | Unused fee |
|---|---|---|---|
| Level Level I | < 1.00 to 1.00 | 125 bps | 18 bps |
| Level Level II | > 1.00 to 1.00 but < 2.00 to 1.00 | 150 bps | 20 bps |
| Level Level III | > 2.00 to 1.00 but < 3.00 to 1.00 | 175 bps | 25 bps |
| Level Level IV | > 3.00 to 1.00 | 200 bps | 30 bps |
§1.01
The Borrower will not permit the ratio ... to be greater than 3.75 to 1.00; provided that as of the last day of the four (4) fiscal quarters following a Qualified Acquisition, the Borrower may elect to increase the Maximum Leverage Ratio set forth above by 0.50x so long as the Borrower has not previously made two such elections during the term of this Agreement.Read the filing on sec.gov ↗
The Borrower will not permit the ratio ... to be less than 2.25 to 1.00.Read the filing on sec.gov ↗
The Borrower will not permit the Unrestricted Subsidiary Indebtedness Interest Coverage Ratio as of the last day of any fiscal quarter to be less than 1.50 to 1.00.Read the filing on sec.gov ↗
* Estimates use reported financials; credit agreements usually add back items that XBRL does not capture.
No amendments on file yet.
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