Edgewell Personal Care Enters Material Agreement

TL;DR

EPC just signed a big deal, could be debt or a new venture.

AI Summary

On April 2, 2024, Edgewell Personal Care Company (EPC) entered into a material definitive agreement and created a direct financial obligation. The filing does not specify the nature of the agreement or the financial obligation, but it indicates a significant event for the company.

Why It Matters

This filing signals a significant new financial commitment or partnership for Edgewell Personal Care, which could impact its future operations and financial performance.

Risk Assessment

Risk Level: medium — The nature of the material definitive agreement and financial obligation is not disclosed, creating uncertainty about potential risks.

Key Players & Entities

• Edgewell Personal Care Company (company) — Registrant
• 0001096752 (company) — Central Index Key
• April 2, 2024 (date) — Date of report

FAQ

Key Financial Figures

• $0.01 — ich registered Common Stock, par value $0.01 per share EPC New York Stock Exchange
• $425,000,000 — o the Restatement Agreement, all of the $425,000,000 of revolving facility commitments under
• $150 million — % Senior Notes due 2028 is greater than $150 million as of such date and (b) December 29, 20

Filing Documents

• epc-20240402.htm (8-K) — 26KB
• edgewell-restatementagreem.htm (EX-10.1) — 1562KB
• epc-20240402_g1.jpg (GRAPHIC) — 5KB
• 0001628280-24-014386.txt ( ) — 2027KB
• epc-20240402.xsd (EX-101.SCH) — 2KB
• epc-20240402_def.xml (EX-101.DEF) — 14KB
• epc-20240402_lab.xml (EX-101.LAB) — 25KB
• epc-20240402_pre.xml (EX-101.PRE) — 15KB
• epc-20240402_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On April 2, 2024 (the " Restatement Date "), Edgewell Personal Care Company (the " Company ") and certain subsidiaries of the Company entered into a Restatement Agreement (the " Restatement Agreement ") with Bank of America, N.A. as administrative agent and collateral agent (" BofA "), and the several lenders from time to time party thereto (together with BofA, the " Lenders" ), which amended and restated the Company's Credit Agreement, dated as of March 28, 2020 (as previously amended by that certain Amendment No. 1 to Credit Agreement, dated as of February 6, 2023, and as otherwise amended, amended and restated, supplemented or otherwise modified prior to the Restatement Date, the " Credit Agreement "). Pursuant to the Restatement Agreement, all of the $425,000,000 of revolving facility commitments under the Credit Agreement (the "Existing Revolving Facility Commitments") were replaced with an equal amount of new revolving facility commitments (the "Replacement Revolving Facility Commitments") having substantially similar terms as the Existing Revolving Facility Commitments, except that the maturity date of the Replacement Revolving Facility Commitments will be the earlier of (i) April 2, 2029, and (ii) (a) March 2, 2028, if the aggregate outstanding amount of the Company's 5.500% Senior Notes due 2028 is greater than $150 million as of such date and (b) December 29, 2028, if the aggregate outstanding amount of the Company's 4.125% Senior Notes due 2029 is greater than $150 million of as such date, in each case, subject to certain exceptions. BofA Securities, Inc. and TD Securities (USA) LLC served as joint lead arrangers and joint bookrunners, and Wachtell, Lipton, Rosen & Katz acted as legal advisor to the Company on the transaction. A copy of the Restatement Agreement is filed with this Current Report on Form 8-K as Exhibit 10.1 and is incorporated herein by reference. The foregoing summary of the Re

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits . Exhibit No. Description 10.1 Restatement Agreement, dated as of April 2, 2024, among Edgewell Personal Care Company, each of the guarantors party thereto, Bank of America, N.A., as Administrative Agent, the Issuing Bank and each Refinancing Lender party thereto. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

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. EDGEWELL PERSONAL CARE COMPANY By: /s/ Daniel J. Sullivan Daniel J. Sullivan Chief Financial Officer Dated:April 2, 2024

View Full Filing

View this 8-K filing on SEC EDGAR