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Stock impact report

The Simply Good Foods Company Announces Lender Commitments Received to Reprice Its Existing Term Loan

The Simply Good Foods Company (SMPL) 
Last the simply good foods company earnings: 4/6 07:00 am Check Earnings Report
Company Research Source: GlobeNewswire
? Reprice of existing $431.5 million Term Loan B; no change to maturity date? Reduction of Applicable Margin on Term Loan interest rate by 50 basis points (0.50%) to 3.25%? Secured overnight financing rate (“SOFR”) floor of 0.50% from LIBOR floor of 1.00% DENVER, Jan. 14, 2022 (GLOBE NEWSWIRE) -- The Simply Good Foods Company (NASDAQ:SMPL) (“Simply Good Foods” or the “Company”), a developer, marketer and seller of branded nutritional foods and snacking products, today announced that its indirect, wholly owned subsidiary, Simply Good Foods USA, Inc. and other wholly owned subsidiaries successfully received commitments and all necessary consents from lenders for a repricing of their existing $431.5 million outstanding term loan under the Credit Agreement, dated as of July 7, 2017 (the “Term Loan”) at par. The Term Loan maturity date of July 7, 2024 remains unchanged. The closing of the repricing transaction is subject to customary closing conditions and is expected to occur on or abo Show less Read more
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