[8-K] Vertiv Holdings Co Reports Material Event
Vertiv Holdings Co. amended its term loan credit agreement to create a single 7-year term loan tranche that matures on August 12, 2032. The amendment also expands the size of the debt basket available under the company鈥檚 ABL credit agreement, while stating that other material provisions, including pricing, remain materially unchanged.
The filing discloses that the principal amount outstanding under the Credit Agreement is approximately $2,086,505,256.71. The company filed the amendment as Exhibit 10.1 and notes the representations and warranties in the amendment are for the benefit of parties to that amendment.
Vertiv Holdings Co. ha modificato il proprio accordo di credito a termine per creare un'unica tranche di prestito a termine di 7 anni che scade il 12 agosto 2032. L'emendamento amplia inoltre l'entit脿 del paniere di debito disponibile nell'accordo di credito ABL della societ脿, precisando che altre disposizioni rilevanti, inclusa la condizione di prezzo, restano sostanzialmente invariate.
Il deposito rivela che l'importo principale residuo ai sensi dell'Accordo di Credito 猫 di circa $2,086,505,256.71. La societ脿 ha presentato l'emendamento come Allegato 10.1 e indica che le dichiarazioni e garanzie contenute nell'emendamento sono a beneficio delle parti coinvolte in tale modifica.
Vertiv Holdings Co. enmend贸 su contrato de pr茅stamo a plazo para crear una 煤nica tranche de pr茅stamo a 7 a帽os que vence el 12 de agosto de 2032. La enmienda tambi茅n ampl铆a el tama帽o de la cesta de deuda disponible bajo el acuerdo de cr茅dito ABL de la compa帽铆a, se帽alando que otras disposiciones materiales, incluida la fijaci贸n de precios, permanecen materialmente sin cambios.
La presentaci贸n revela que el importe principal pendiente en virtud del Acuerdo de Cr茅dito es aproximadamente $2,086,505,256.71. La compa帽铆a present贸 la enmienda como Anexo 10.1 y aclara que las declaraciones y garant铆as en la enmienda benefician a las partes de dicha enmienda.
Vertiv Holdings Co.電� 旮绊暅雽�於� 鞁犾毄瓿勳暯鞚� 靾橃爼頃橃棳 毵岅赴臧� 2032雲� 8鞗� 12鞚�鞚� 雼澕 7雲� 毵岅赴 雽�於� 韸鸽灉旃橂ゼ 鞁犾劋頄堨姷雼堧嫟. 鞚� 靾橃爼鞎堨潃 霕愴暅 須岇偓鞚� ABL 鞁犾毄瓿勳暯 頃橃棎靹� 鞚挫毄 臧�電ロ暅 攵�毂� 氚旍姢旒撿潣 攴滊毳� 頇曤寑頃橂┐靹�, 臧�瓴� 毂呾爼鞚� 韽暔頃� 雼るジ 欤检殧 臁绊暛霌れ潃 鞁れ鞝侅溂搿� 氤�瓴诫悩歆� 鞎婌晿雼り碃 氇呾嫓頃╇媹雼�.
頃措嫻 鞝滌稖靹滊電� 鞁犾毄瓿勳暯鞐� 霐半ジ 氙胳儊頇� 鞗愱笀鞚� 鞎� $2,086,505,256.71鞛勳潉 瓿店皽頃╇媹雼�. 須岇偓電� 鞚� 靾橃爼鞎堨潉 歃濍箼靹滊 10.1搿� 鞝滌稖頄堨溂氅�, 靾橃爼鞎堨棎 韽暔霅� 歆勳垹 氚� 氤挫鞚� 頃措嫻 靾橃爼鞎堨潣 雼轨偓鞛愲摛鞚� 鞙勴暅 瓴冹澊霛缄碃 氇呾嫓頃橁碃 鞛堨姷雼堧嫟.
Vertiv Holdings Co. a modifi茅 son accord de pr锚t 脿 terme pour cr茅er une seule tranche de pr锚t de 7 ans arrivant 脿 茅ch茅ance le 12 ao没t 2032. L'amendement augmente 茅galement la taille du panier de dettes disponible dans le cadre de l'accord de cr茅dit ABL de la soci茅t茅, en pr茅cisant que d'autres dispositions importantes, y compris la tarification, demeurent essentiellement inchang茅es.
Le d茅p么t r茅v猫le que le montant principal impay茅 au titre de l'Accord de Cr茅dit s'茅l猫ve 脿 environ $2,086,505,256.71. La soci茅t茅 a d茅pos茅 l'amendement en tant qu'Annexe 10.1 et indique que les d茅clarations et garanties incluses dans l'amendement profitent aux parties 脿 cet amendement.
Vertiv Holdings Co. hat sein Term-Darlehens-Kreditabkommen ge盲ndert, um eine einzelne 7-j盲hrige Term-Tranche zu schaffen, die am 12. August 2032 f盲llig wird. Die 脛nderung erweitert zudem das Volumen des unter dem ABL-Kreditvertrag des Unternehmens verf眉gbaren Schuldenkorbs und stellt fest, dass andere wesentliche Bestimmungen, einschlie脽lich der Preisgestaltung, materiell unver盲ndert bleiben.
Die Einreichung offenbart, dass der ausstehende Hauptbetrag aus dem Kreditvertrag ungef盲hr $2,086,505,256.71 betr盲gt. Das Unternehmen reichte die 脛nderung als Anlage 10.1 ein und weist darauf hin, dass die Zusicherungen und Gew盲hrleistungen in der 脛nderung den Parteien dieser 脛nderung zugutekommen.
- Term loan maturity extended by establishing a single 7-year tranche maturing on August 12, 2032.
- ABL debt basket increased, expanding the company鈥檚 stated borrowing capacity under the ABL Credit Agreement.
- Pricing and other material provisions unchanged, indicating no immediate increase in stated cost under the Credit Agreement per the amendment.
- None.
Insights
TL;DR: Maturity extended to 2032 and ABL basket increased; principal outstanding ~$2.09B.
The amendment replaces the existing term loan structure with a single 7-year tranche maturing August 12, 2032, which formally pushes the term loan maturity horizon further into the future. The filing also increases the available debt basket under the ABL facility. Pricing and other material terms are stated as materially unchanged, and the company discloses an outstanding principal balance of approximately $2.0865 billion, providing clear visibility on current funded obligations.
TL;DR: Extension and expanded ABL capacity change near-term refinancing timeline; terms otherwise unchanged.
By creating a single 7-year tranche maturing in 2032 and expanding the ABL debt basket, the amendment alters the debt maturity profile and the company鈥檚 stated borrowing capacity under its ABL agreement. The filing explicitly notes that pricing and other material provisions remain materially unchanged. The disclosure of the outstanding principal (~$2,086,505,256.71) quantifies the company鈥檚 current term loan exposure.
Vertiv Holdings Co. ha modificato il proprio accordo di credito a termine per creare un'unica tranche di prestito a termine di 7 anni che scade il 12 agosto 2032. L'emendamento amplia inoltre l'entit脿 del paniere di debito disponibile nell'accordo di credito ABL della societ脿, precisando che altre disposizioni rilevanti, inclusa la condizione di prezzo, restano sostanzialmente invariate.
Il deposito rivela che l'importo principale residuo ai sensi dell'Accordo di Credito 猫 di circa $2,086,505,256.71. La societ脿 ha presentato l'emendamento come Allegato 10.1 e indica che le dichiarazioni e garanzie contenute nell'emendamento sono a beneficio delle parti coinvolte in tale modifica.
Vertiv Holdings Co. enmend贸 su contrato de pr茅stamo a plazo para crear una 煤nica tranche de pr茅stamo a 7 a帽os que vence el 12 de agosto de 2032. La enmienda tambi茅n ampl铆a el tama帽o de la cesta de deuda disponible bajo el acuerdo de cr茅dito ABL de la compa帽铆a, se帽alando que otras disposiciones materiales, incluida la fijaci贸n de precios, permanecen materialmente sin cambios.
La presentaci贸n revela que el importe principal pendiente en virtud del Acuerdo de Cr茅dito es aproximadamente $2,086,505,256.71. La compa帽铆a present贸 la enmienda como Anexo 10.1 y aclara que las declaraciones y garant铆as en la enmienda benefician a las partes de dicha enmienda.
Vertiv Holdings Co.電� 旮绊暅雽�於� 鞁犾毄瓿勳暯鞚� 靾橃爼頃橃棳 毵岅赴臧� 2032雲� 8鞗� 12鞚�鞚� 雼澕 7雲� 毵岅赴 雽�於� 韸鸽灉旃橂ゼ 鞁犾劋頄堨姷雼堧嫟. 鞚� 靾橃爼鞎堨潃 霕愴暅 須岇偓鞚� ABL 鞁犾毄瓿勳暯 頃橃棎靹� 鞚挫毄 臧�電ロ暅 攵�毂� 氚旍姢旒撿潣 攴滊毳� 頇曤寑頃橂┐靹�, 臧�瓴� 毂呾爼鞚� 韽暔頃� 雼るジ 欤检殧 臁绊暛霌れ潃 鞁れ鞝侅溂搿� 氤�瓴诫悩歆� 鞎婌晿雼り碃 氇呾嫓頃╇媹雼�.
頃措嫻 鞝滌稖靹滊電� 鞁犾毄瓿勳暯鞐� 霐半ジ 氙胳儊頇� 鞗愱笀鞚� 鞎� $2,086,505,256.71鞛勳潉 瓿店皽頃╇媹雼�. 須岇偓電� 鞚� 靾橃爼鞎堨潉 歃濍箼靹滊 10.1搿� 鞝滌稖頄堨溂氅�, 靾橃爼鞎堨棎 韽暔霅� 歆勳垹 氚� 氤挫鞚� 頃措嫻 靾橃爼鞎堨潣 雼轨偓鞛愲摛鞚� 鞙勴暅 瓴冹澊霛缄碃 氇呾嫓頃橁碃 鞛堨姷雼堧嫟.
Vertiv Holdings Co. a modifi茅 son accord de pr锚t 脿 terme pour cr茅er une seule tranche de pr锚t de 7 ans arrivant 脿 茅ch茅ance le 12 ao没t 2032. L'amendement augmente 茅galement la taille du panier de dettes disponible dans le cadre de l'accord de cr茅dit ABL de la soci茅t茅, en pr茅cisant que d'autres dispositions importantes, y compris la tarification, demeurent essentiellement inchang茅es.
Le d茅p么t r茅v猫le que le montant principal impay茅 au titre de l'Accord de Cr茅dit s'茅l猫ve 脿 environ $2,086,505,256.71. La soci茅t茅 a d茅pos茅 l'amendement en tant qu'Annexe 10.1 et indique que les d茅clarations et garanties incluses dans l'amendement profitent aux parties 脿 cet amendement.
Vertiv Holdings Co. hat sein Term-Darlehens-Kreditabkommen ge盲ndert, um eine einzelne 7-j盲hrige Term-Tranche zu schaffen, die am 12. August 2032 f盲llig wird. Die 脛nderung erweitert zudem das Volumen des unter dem ABL-Kreditvertrag des Unternehmens verf眉gbaren Schuldenkorbs und stellt fest, dass andere wesentliche Bestimmungen, einschlie脽lich der Preisgestaltung, materiell unver盲ndert bleiben.
Die Einreichung offenbart, dass der ausstehende Hauptbetrag aus dem Kreditvertrag ungef盲hr $2,086,505,256.71 betr盲gt. Das Unternehmen reichte die 脛nderung als Anlage 10.1 ein und weist darauf hin, dass die Zusicherungen und Gew盲hrleistungen in der 脛nderung den Parteien dieser 脛nderung zugutekommen.
FAQ
What did Vertiv (VRT) change in its term loan agreement?
How much principal is outstanding under Vertiv鈥檚 Credit Agreement?
Did the amendment change the pricing on the term loan?
Where can I find the full text of the amendment?
Does the filing say the representations and warranties reflect the company鈥檚 current condition?
