Simply Good Foods cuts rate on term loans to 2.00% SOFR, 1.00% ABR under repricing
Simply Good Foods USA, a subsidiary of Simply Good Foods, entered a Repricing Amendment on January 31, 2025 to its 2017 Credit Agreement. The amendment lowers the rate on its Initial Term Loans, which lowers borrowing costs on that debt, and removes the credit spread adjustment on SOFR loans. The filing does not state the loan balance or annual savings.
Key points
- SOFR-based Initial Term Loans rate reduced from 2.50% to 2.00%
- ABR-based Initial Term Loans rate reduced from 1.50% to 1.00%
- Credit spread adjustment removed for SOFR loans; prepayment premium period reset to six months after the amendment's effective date
- Amendment signed January 31, 2025 with Barclays Bank PLC as administrative agent
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:59 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 03, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.