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 April 26, 2024, Viad Corp (the “Company”) entered into the Fourth Amendment (the “Amendment”), among the Company, Brewster Inc., as a co-borrower, the other loan parties party thereto, the lenders party thereto and Bank of America, N.A., as administrative agent, which amends the Credit Agreement, dated as of July 30, 2021 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), among the Company, Bank of America, N.A., as administrative agent, the swing line lender and the lenders and letter of credit issuers party thereto from time to time.
The Amendment modifies the Credit Agreement by, among other things, (i) reducing the applicable rate for the existing term loans by 0.75%, to SOFR + 4.25%, (ii) setting the credit spread adjustments to 0% for the existing term loans and (iii) resetting the 1% prepayment premium on any repricings for the existing term loans for six months. Other than the foregoing, the material terms of the Credit Agreement remain unchanged.
The foregoing description of the Amendment is qualified in its entirety by reference to the full text of the Amendment, a copy of which is attached hereto as Exhibit 10.1 to this Current Report on Form 8-K, and incorporated herein by reference. We have included the Amendment as an exhibit to this filing to provide investors and security holders with information regarding its terms and it is not intended to provide any other factual information about Viad Corp or any of its subsidiaries. The representations and warranties in the Amendment were made only for the purposes of the Amendment, as of a specified date, and may be subject to a contractual standard of materiality different from what might be viewed as material to stockholders, or may have been used for the purpose of allocating risk between the parties. Accordingly, the representations and warranties in the Amendment are not necessarily characterizations of the actual state of facts concerning Viad Corp or any of its subsidiaries at the time they were made or otherwise and should only be read in conjunction with the other information that we make publicly available in reports, statements, and other documents filed with the SEC.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
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10.1 |
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104 |
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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.
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Viad Corp |
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(Registrant) |
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Date: April 29, 2024 |
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By: |
/s/ Jonathan A. Massimino |
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Jonathan A. Massimino |
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Title: |
General Counsel & Corporate Secretary |