Company Exercises $200M Loan Option
Company exercises $200M incremental term loan option, increasing facility to $500M for general corporate purposes
Term Loan matures Feb.
15th, 2029, with two one-year extension options.
Proceeds are expected to be used for general corporate purposes. - - Entered into a $100M forward starting swap that fixes SOFR at 3.43% through Feb.
15th, 2029. - - Amended pricing grids on the Term Loan and senior unsecured revolving credit facility; based on current credit ratings, SOFR-based margin was lowered to 0.800% from 0.850% for Term Loan borrowings and to 0.725% from 0.775% for Revolving Credit Facility borrowings.