The company said on Tuesday, September 18, 2024, it entered into the Sixteenth Amendment to its Credit and Security Agreement with Truist Bank. As a result, the scheduled maturity date of the facility was extended to September 17, 2025.

1. 01

   The company said on Tuesday, September 18, 2024, it entered into the Sixteenth Amendment to its Credit and Security Agreement with Truist Bank. As a result, the scheduled maturity date of the facility was extended to September 17, 2025.

2. 02

   The company said the Sixteenth Amendment removed the 0.10% per annum adjustment to Adjusted Term SOFR. Effective with the amendment, MM Funding's borrowings bear interest at Adjusted Term SOFR plus 0.800%.

3. 03

   The company said the Credit Agreement is a $400,000,000 trade receivables securitization facility backed by trade receivables originated by the company or certain of its subsidiaries. Subject to certain conditions, the facility may be increased to an amount not to exceed $500,000,000.

4. 04

   The company said the Credit Agreement includes an amortization event related to a payment default or acceleration of one of its material debt agreements.

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Original filing

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