Company: THS
Filing Date: 2025-01-21
Form Type: 8-K
Source: 0001320695-25-000002
Chunk: 0

Company: TreeHouse Foods, Inc.
Filing Date: 2025-01-21
Form: 8-K
Item: Item 1.01
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Item 1.01.

Entry Into a Material Definitive Agreement

On January 17, 2025, TreeHouse Foods, Inc. (the “ Company”) entered into the Third Amended and Restated Credit Agreement, dated as of January 17, 2025 (the “ Credit Agreement”), among the Company, the lenders from time to time party thereto and Bank of America, N. A., as Administrative Agent, Swing Line Lender and L/C Issuer.

The Credit Agreement amends, restates and replaces the Company’s existing Credit Agreement, dated as of December 1, 2017 (as amended from time to time prior to January 17, 2025, the “ Prior Credit Agreement”), pursuant to which the Company obtained a $500,000,000 revolving credit facility (the “ Revolving Facility”), a $500,000,000 term A loan (the “ Term A Loan”) and a $900,000,000 tranche A-1 term loan (the “ Tranche A-1 Term Loan” and, together with the Term A Loan, the “ Term Loans”). Pursuant to the Credit Agreement, the Company (i) continued and extended the maturity of the Revolving Facility and the Term Loans, (ii) decreased the aggregate size of the Term A Loan to $480,000,000 and (iii) decreased the aggregate size of the Tranche A-1 Term Loan to $425,000,000.

Both the Revolving Facility and the Term Loans mature on January 17, 2030. The initial pricing for the Revolving Facility and the Tranche A-1 Term Loan is determined by Term SOFR plus a margin of 2.00%. Thereafter, the Revolving Facility and the Tranche A-1 Term Loan will bear interest at a rate per annum equal to (i) Term SOFR plus a margin ranging from 1.25% to 2.50% based on the Company’s consolidated net leverage ratio or (ii) a Base Rate (as defined in the Credit Agreement) plus a margin ranging from 0.25% to 1.50% based on the Company’s consolidated net leverage ratio. The Company will also pay an unused fee on the Revolving Facility at a rate ranging from 0.20% to 0.40% based on the Company’s consolidated net leverage ratio, with the initial unused fee set at 0.30%. The Revolving Facility includes sub-facilities for swing line