UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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Item 1.01 | Entry into a Material Definitive Agreement. |
On September 28, 2022, Aerojet Rocketdyne Holdings, Inc. (the “Company”) entered into a second amendment (the “Amendment”) to its Fourth Amended and Restated Credit Agreement, dated as of June 17, 2016, among the Company, its material domestic subsidiaries from time to time party thereto as guarantors, Bank of America, N.A., a national banking association, as administrative agent, and other lender parties thereto (the “Lenders”), as amended by that certain First Amendment to Fourth Amended and Restated Credit Agreement, dated as of September 20, 2018. The Amendment states that, among other things, the Lenders will provide loans and other financial accommodations to the Company of up to $919,062,500 on a secured basis, including (i) a term loan facility in an aggregate principal amount of up to $269,062,500, and (ii) a revolving credit facility in an aggregate principal amount of up to $650,000,000. The term loan facility was decreased from an aggregate principal amount of up to $350,000,000. The Amendment also extends the maturity date from September 20, 2023 to September 20, 2025 and changes the interest rate benchmark for loans under the credit facilities from LIBOR to SOFR.
The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the Amendment, a copy of which is attached as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.
Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
Exhibit |
Exhibits | |
10.1 | Second Amendment to Fourth Amended and Restated Credit Agreement with Bank of America, N.A., dated as of September 28, 2022. | |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: September 29, 2022 | Aerojet Rocketdyne Holdings, Inc. | |||||
By: | /s/ Daniel L. Boehle | |||||
Name: | Daniel L. Boehle | |||||
Title: | Vice President, Chief Financial Officer |