Atkore Inc.
05/05/2025 | Press release | Distributed by Public on 05/05/2025 04:09
Material Agreement (Form 8-K)
Item 1.01. Entry into a Material Definitive Agreement.
Credit Agreement Amendment
On April 30, 2025, Atkore International, Inc. ("Atkore Borrower"), a wholly owned subsidiary of Atkore Inc., entered into a Fourth Amendment (the "Fourth Amendment") to its existing Credit Agreement, dated as of August 28, 2020 (the "Existing Credit Agreement"; and the Existing Credit Agreement as amended by the Fourth Amendment, the "Credit Agreement"), by and among Atkore Borrower, the subsidiary borrowers from time to time party thereto, Wells Fargo Bank, National Association, as administrative agent and collateral agent, and the several banks and other financial institutions from time to time party thereto, in order to, among other things, (i) extend the maturity of the facility to the earlier of five years from entering into the Fourth Amendment or 91 days prior to the maturity date of the existing senior secured term loan facility if at least $100 million of obligations remain outstanding under the existing senior secured term loan facility on such date, (ii) amend certain terms and thresholds with respect to Atkore Borrower's borrowing base capacity and (iii) amend the Existing Credit Agreement to the extent necessary or appropriate to reflect the effectiveness of the Fourth Amendment and provide for any other amendments to the Existing Credit Agreement as any authorized officer may deem necessary or appropriate.
The foregoing description does not purport to be complete and is qualified in its entirety by reference to the Fourth Amendment, a copy of which is attached hereto as Exhibit 10.1 and incorporated herein by reference.
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