Company: UTZ
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001739566-25-000053
Chunk: 156

Company: Utz Brands, Inc.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 156
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, 2024, net loss attributable to non-controlling interest of $15.1 million for the fiscal year ended December 31, 2023, and net loss attributable to non-controlling interest of $13.6 million for the fiscal year ended January 1, 2023, respectively.

20.SUBSEQUENT EVENTS

On January 29, 2025, the Company amended its Term Loan B to refinance in full all of the $630.3 million outstanding term loan, reduce the interest rate from SOFR plus the applicable rate of 2.75% to SOFR plus the applicable rate of 2.50% and extended the maturity date from January 20, 2028 to January 29, 2032, as well as make certain other changes. Other material terms of the Term Loan B remain unchanged. In January 2025, noncontrolling interest exchanged an additional 2,000,000 Common Company Units together with the surrender and cancellation of the same number of shares of Class V Common Stock for an equal number of shares of Class A Common Stock.  The Company did not receive any proceeds as a result of this exchange.

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