ALTRA INDUSTRIAL MOTION CORP. : conclusion of a material definitive agreement, termination of a material definitive arrangement, creation of a direct financial obligation or obligation under an off-balance sheet arrangement of a holder, other events, financial statements and supporting documents (form 8 -K)
Article 1.01. The conclusion of an important definitive agreement.
The Credit Facilities are secured on a senior basis by certain direct and indirect national subsidiaries of the Company (each a âGuarantorâ and collectively the âGuarantorsâ; the Guarantors collectively with the Borrowers, the âLoan Partiesâ).
The amounts available under the revolving credit facility may be used in accordance with the terms of the credit agreement. All amounts outstanding under the Credit Facilities are due on the stated maturity or on an earlier date, if any, required under the Credit Agreement. Amounts due under either credit facility may be prepaid at any time, subject to customary notice and payment provisions on breach. Interest on overdue amounts under credit facilities is calculated on the basis of a base rate or a Euro currency rate plus the applicable margin. The applicable margins for Eurocurrency Loans are between 1.000% and 1.750%, and for Base Rate Loans are between 0.000% and 0.750%. The amounts of the margins are calculated on the basis of the Total Leverage Ratio (as defined in the Credit Agreement). A portion of the revolving credit facility may be used for the issuance of letters of credit, and a portion of the amount of the revolving credit facility is available for borrowings in certain agreed foreign currencies.
The revolving borrowings and issuance of letters of credit under the revolving credit facility are subject to the satisfaction of customary conditions, including the accuracy of representations and guarantees and the absence of default.
The credit agreement contains customary and customary representations and warranties, customary and customary covenants and affirmative and negative restrictions, which, among other things, will require borrowers to provide certain financial reports to lenders, will require the Company to maintain certain restrictive covenants. financial instruments relating to leverage and interest coverage, and limit the ability of the Company and its subsidiaries to contract or guarantee additional debt, pay dividends or make other distributions of equity, buy or repurchase capital stock or debt, make certain investments, sell assets, carry out certain transactions, and effect a consolidation or merger. The obligations of borrowers under the Credit Facilities under the Credit Agreement may be accelerated in the event of customary default, including non-payment of principal, interest, charges and other amounts, incorrect statements and guarantees, breach of restrictive covenants, cross defaults and acceleration, voluntary and involuntary bankruptcy or insolvency proceedings, inability to pay debts as they fall due, material judgments, ERISA events, actual or alleged invalidity of security documents or guarantees and change of control.
Guarantee and guarantee agreement; Trademark Security Agreement; Patent Security Agreement.
Under the terms of the credit agreement, the
pledges, assigns and grants to the administrative agent, in the name and for the benefit of the lenders, a security interest in all his rights, titles and interests on, on and under all the personal property, whether they are currently held by or in because of, or after having been acquired by or born in favor of such
(including under any trade name or derivative), and whether owned or shipped by or to, or leased from or to, such
Under the Guarantee and Pledge Agreement, some of the Parties to the loan have delivered a Patent Guarantee Agreement and a Trademark Guarantee Agreement in favor of the Administrator under which each of the Parties to the loan signatory of the latter undertakes, assigns and grants to the Administrative Agent, in the name and for the benefit of the Lenders, a security on all. . .
Article 1.02. Termination of an important definitive agreement.
Article 2.03. Creation of a direct financial obligation or obligation under an off-balance sheet arrangement of a registrant.
The information set out in Item 1.01 of this Form 8-K is hereby incorporated into this Item 2.03 by reference.
Item 8.01. Other Events.
Item 9.01 Financial statements and supporting documents.
(d) Exhibits Exhibit Number Description 99.1 Press release dated
November 17, 2021* 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) * Filed herewith.
Â© Edgar online, source