Whole Earth Brands Inc.
Whole Earth Brands Inc.
05/08/2024 | Press release | Distributed by Public on 05/08/2024 21:57
Acquisition/Asset Disposal Form 8 K
| Item 1.01. |
Entry into a Material Definitive Agreement.
|
The information set forth in the Introduction to this Current Report on Form 8-K (the "Introduction") is incorporated into this Item 1.01 by reference.
Credit Agreement
On the Closing Date, Parent, as borrower, entered into that certain Senior Secured Credit Agreement with Silver Point Finance, LLC, as administrative agent and collateral agent, the lenders from time to time party thereto and the other guarantors from time to time party thereto (the "Parent Credit Agreement"), which provides for (i) a term loan facility in an aggregate principal amount equal to $800 million and (ii) a revolving loan facility in an aggregate principal amount equal to $75 million. Certain subsidiaries of Parent, including the Company, are guarantors under the Parent Credit Agreement. The obligations under the Parent Credit Agreement are secured on a first priority basis by substantially all assets of the borrowers and the guarantors (subject to certain exclusions and exceptions). The Parent Credit Agreement includes representations and warranties, covenants, events of default and other provisions that are customary for facilities of their respective types.