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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
JPMorgan Chase Agents $200MM Revolver Amendment for Shutterfly
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Lenders/Participants
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JPMorgan Chase Bank [Administrative Agent]
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Structure
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Amended, Restated Revolver
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Amount
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$200.000
Million
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Borrower(s)
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Sutterfly, Inc.
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Description
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The Amended and Restated Credit Agreement provides a $200 million secured revolving credit facility (the “Facility”). The Company may request the Lenders to increase the Facility by $100 million. Amounts repaid under the Facility may be reborrowed. The revolving loan facility matures on the fifth anniversary of its closing and is payable in full upon maturity. The Company intends to use the new Facility from time to time for general corporate purposes, working capital, capital expenditures and potential acquisitions and did not borrow any funds under the Facility upon its execution. At the Company’s option, loans under the Facility will bear stated interest based on an Alternate Base Rate or Adjusted LIBOR Rate, in each case plus the Applicable Rate (each as defined in the Amended and Restated Credit Agreement). The Alternate Base Rate will be, for any day, the highest of (a) 1/2 of 1% per annum above the NYFRB Rate (as defined in the Amended and Restated Credit Agreement), (b) JPMorgan Chase Bank’s prime rate and (c) the Adjusted LIBO Rate for a term of one month plus 1.00%. Borrowings bearing interest based on an Adjusted LIBOR Rate may be for one, two, three or six months (or such period that is 12 months or less, requested by the Company and consented to by all the Lenders) and will be at an annual rate equal to the period-applicable Adjusted LIBO Rate plus the Applicable Rate. The Applicable Rate for all revolving loans is based on a pricing grid ranging from 0.500% to 1.250% per annum for borrowings bearing interest based on an Adjusted Base Rate and 1.500% to 2.250% for borrowings bearing interest based on an Adjusted LIBOR Rate based on the Company’s Leverage Ratio (as defined in the Amended and Restated Credit Agreement).
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Industry
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Specialty Industries
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Location
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CA
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| Related Tags |
JPMorgan Chase, Shutterfly
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ABL Advisor
Deal Tables
2025
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