AptarGroup Enters New Material Agreement, Terminates Old One
Ticker: ATR · Form: 8-K · Filed: Jul 3, 2024 · CIK: 896622
Sentiment: neutral
Topics: material-agreement, financial-obligation, agreement-termination
TL;DR
AptarGroup just signed a new deal and ditched an old one, creating new financial obligations.
AI Summary
On July 2, 2024, AptarGroup, Inc. entered into a Material Definitive Agreement and simultaneously terminated a prior agreement. This action also created a direct financial obligation for the registrant. The filing does not specify the nature of the agreement or the financial obligation.
Why It Matters
This filing indicates a significant change in AptarGroup's contractual obligations, potentially impacting its financial structure and future operations.
Risk Assessment
Risk Level: medium — The creation of a new material definitive agreement and a direct financial obligation suggests potential changes in the company's financial commitments and operational strategies.
Key Players & Entities
- AptarGroup, Inc. (company) — Registrant
- July 2, 2024 (date) — Date of earliest event reported
FAQ
What is the nature of the Material Definitive Agreement entered into by AptarGroup, Inc. on July 2, 2024?
The filing states that AptarGroup, Inc. entered into a Material Definitive Agreement on July 2, 2024, but does not provide specific details about its terms or purpose.
Which specific agreement was terminated by AptarGroup, Inc. on July 2, 2024?
The filing indicates the termination of a Material Definitive Agreement on July 2, 2024, but does not name the specific agreement that was terminated.
What is the direct financial obligation created for AptarGroup, Inc. as a result of these events?
The filing confirms the creation of a direct financial obligation for AptarGroup, Inc. but does not specify the amount or nature of this obligation.
What is the significance of the "Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant" item in this filing?
This item signifies that AptarGroup, Inc. has undertaken a new financial commitment that will appear on its balance sheet.
Where is AptarGroup, Inc. incorporated and what is its IRS Employer Identification No.?
AptarGroup, Inc. is incorporated in Delaware and its IRS Employer Identification No. is 36-3853103.
Filing Stats: 1,483 words · 6 min read · ~5 pages · Grade level 12.2 · Accepted 2024-07-03 16:05:29
Key Financial Figures
- $600,000,000 — redit Agreement amends and restates the $600,000,000 unsecured multicurrency revolving credi
- $30,000,000 — Agreement described below, including a $30,000,000 swingline facility, and provides for a
- $330,000,000 — ngline facility, and provides for a new $330,000,000 unsecured term loan facility. The Secon
- $300,000,000 — conditions, the establishment of up to $300,000,000 of additional revolving loan or term lo
Filing Documents
- tm2418768d1_8k.htm (8-K) — 33KB
- tm2418768d1_ex10-1.htm (EX-10.1) — 1224KB
- 0001104659-24-077768.txt ( ) — 1669KB
- atr-20240702.xsd (EX-101.SCH) — 3KB
- atr-20240702_lab.xml (EX-101.LAB) — 33KB
- atr-20240702_pre.xml (EX-101.PRE) — 22KB
- tm2418768d1_8k_htm.xml (XML) — 4KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. AptarGroup, Inc. Date: July 3 , 2024 By: /s/ Robert W. Kuhn Robert W. Kuhn Executive Vice President and Chief Financial Officer