Generac amends term loan B credit facility, $500 million outstanding, matures 2031
Generac Holdings amended and replaced its term loan B credit facility on July 3, 2024, with a new facility carrying $500 million of outstanding principal after a $30 million cash payment at closing. The new loan matures July 3, 2031, and the amendment removes a credit spread adjustment tied to the LIBOR-to-SOFR benchmark transition. The filing describes a refinancing of existing debt terms rather than a change in operations.
- Amended and replaced term loan B facility dated July 3, 2024, with JPMorgan Chase Bank, N.A. as administrative agent
- Outstanding principal of $500 million on closing date, after a $30 million cash payment
- New maturity date of July 3, 2031
- Eliminated credit spread adjustment associated with LIBOR-to-SOFR transition