AZEK CO INC .: Signing of a material definitive agreement, creation of a direct financial obligation or obligation under an off-balance sheet arrangement of a registrant, financial statements and exhibits (Form 8-K)
Article 1.01 Entry into an important final agreement.
The Amendment, among other changes, (i) extended the term of the Credit Agreement to five years after the effective date of the Amendment, (ii) reduced the interest rate margin for revolving loans under the 25 basis point credit agreement at all prices. levels according to the pricing grid based on availability, from 1.50% -2.00% to 1.25% -1.75% in the case of revolving loans in euros and from 0.50-1.00% at 0.25-0.75% in the case of ABR revolving loans and (iii) made certain other changes to restrictive covenants and certain provisions. Capitalized terms used in the preceding sentence but not otherwise defined herein have the meanings assigned to them in the credit agreement. The amendment also added successive LIBOR provisions to the credit agreement.
The foregoing description of the amendment does not purport to be complete and is subject to the full text of the amendment and is qualified therein in its entirety by the full text of the amendment, which is attached as Exhibit 10.1 to this report. on Form 8-K and incorporated by reference here.
Item 2.03 Creation of a Direct Financial Obligation or Obligation Under an Off-Balance Sheet Arrangement of a Registrant
See point 1.01 above.
Point 9.01 Financial statements and supporting documents.
The following exhibits are filed as part of this report:
10.1 Dated third amendment
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