Montrose Environmental Enters Material Agreement, Financial Obligation

TL;DR

**Montrose Environmental just took on a new material agreement and financial obligation, details TBD.**

AI Summary

Montrose Environmental Group, Inc. filed an 8-K on February 20, 2024, reporting an event that occurred on February 14, 2024. The filing indicates the company entered into a material definitive agreement and created a direct financial obligation or an obligation under an off-balance sheet arrangement. The specific details of the agreement and obligation are not provided in this excerpt.

Why It Matters

This filing signals a new significant financial commitment or agreement for Montrose Environmental Group, which could impact its future operations and financial health.

Risk Assessment

Risk Level: medium — The filing indicates new financial obligations without providing specific details, creating uncertainty about their potential impact.

Key Players & Entities

• Montrose Environmental Group, Inc. (company) — Registrant
• February 14, 2024 (date) — Date of earliest event reported
• February 20, 2024 (date) — Filed as of date
• Delaware (company) — State of Incorporation
• 001-39394 (dollar_amount) — Commission File Number
• 46-4195044 (dollar_amount) — IRS Employer Identification No.
• 501 900-6400 (dollar_amount) — Registrant's Telephone Number

FAQ

Key Financial Figures

• $0.000004 — nge on which registered Common Stock, $0.000004 par value per share MEG New York St
• $50.0 million — increased the revolving commitments by $50.0 million and, as a result of such increase, the
• $175.0 million — ow in the aggregate principal amount of $175.0 million; incurred the fourth amendment term l
• $50.0 m — an in the aggregate principal amount of $50.0 million, the proceeds of which will be us

Filing Documents

• meg-20240214.htm (8-K) — 41KB
• meg-ex10_1.htm (EX-10.1) — 2005KB
• 0000950170-24-016805.txt ( ) — 2444KB
• meg-20240214.xsd (EX-101.SCH) — 23KB
• meg-20240214_htm.xml (XML) — 4KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On February 14, 2024, Montrose Environmental Group, Inc. (the "Parent Borrower"), Montrose Environmental Group Ltd. (the "Canadian Borrower" and together with the Parent Borrower, each, a "Borrower" and collectively, the "Borrowers"), and certain subsidiaries of the Parent Borrower acting as guarantors (the "Guarantors") entered into the Fourth Amendment to Credit Agreement and Lender Joinder Agreement (the "Fourth Amendment"), which amends the Credit Agreement, dated April 27, 2021, which was previously amended by the First Amendment to Credit Agreement, dated August 30, 2022, the Second Amendment to Credit Agreement, dated May 26, 2023, and the Third Amendment to Credit Agreement and Appointment of Successor Administrative Agent (collectively, the "Credit Agreement"). Capitalized terms used in the description below but not defined herein have the meanings given to such terms in the Credit Agreement or Fourth Amendment, as applicable. Among other things, in the Fourth Amendment, the Parent Borrower: increased the revolving commitments by $50.0 million and, as a result of such increase, the size of the revolving credit facility is now in the aggregate principal amount of $175.0 million; incurred the fourth amendment term loan in the aggregate principal amount of $50.0 million, the proceeds of which will be used to finance working capital and for other general corporate purposes; and The Fourth Amendment was entered into by and among the Borrowers, the Guarantors, the Existing Lenders, the Incremental Lenders, and Bank of America, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer. Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth in Item 1.01 is incorporated by reference into this Item 2.03.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. Exhibit No. Description 10.1 Fourth Amendment to Credit Agreement and Lender Joinder Agreement, dated February 14, 2024, among Montrose Environmental Group, Inc., Montrose Environmental Group Ltd., the Guarantors (defined therein) party thereto, each financial institution party thereto, and Bank of America, N.A., as Administrative Agent, Swing Line Lender, and L/C Issuer. 10.4.1 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. Montrose Environmental Group, Inc. Date: 2/20/2024 /s/ Allan Dicks Allan Dicks Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR