On August 19, 2025, The Middleby Corporation (the "Company"), Middleby Marshall Inc. ("MMI"), a subsidiary of the Company, as a borrower, the other subsidiaries of the Company party thereto, as borrowers and guarantors, Bank of America, N.A., as administrative agent, and the lenders party thereto entered into a Third Amendment to Eighth Amended and Restated Credit Agreement (the "Third Amendment"), which amended the Company's existing Eighth Amended and Restated Credit Agreement (as amended from time to time prior to August 19, 2025, the "Credit Agreement").

The parties entered into the Third Amendment to, among other things, extend the maturity date of the Credit Agreement from October 21, 2026 to April 28, 2028, and make certain changes that, subject to the satisfaction of specified conditions, give the Company and its subsidiaries the ability to consummate the Company's previously announced plan to separate its food processing business into a standalone public company.