According to an 8K filed with the SEC, JPMorgan Chase Bank served as administrative agent on an amendment to Welbilt’s $400 million senior secured revolving credit facility.
Welbilt amended its senior secured credit facility, increasing the borrowing limit for the revolving credit facility to $400 million from $275 million and extending maturity date to October 23, 2023.
Welbilt increased the aggregate revolving commitments on its credit facility by $50 million to $275 million. JPMorgan served as administrative agent for the transaction.
Welbilt achieved a 175 basis point reduction in borrowing rate following a term loan facility repricing with JPMorgan Chase Bank and Goldman Sachs Bank as joint bookrunners.