Generac Holdings Inc. announced that it has amended its existing term loan credit facility. On July 3, 2024, along with its wholly owned subsidiaries, the company entered into an amendment which brings changes like the creation of a new term loan with a principal amount of $500 million after a $30 million payment, sets the maturity date as July 3, 2031, and removes the credit spread adjustment linked to the LIBOR to SOFR transition. Detailed information is included in an exhibit attached to the report.
Names mentioned: - Generac Holdings Inc. - Generac Acquisition Corp. - Generac Power Systems, Inc. - JPMorgan Chase Bank, N.A.