Viad Corp Enters Material Definitive Agreement
Ticker: PRSU · Form: 8-K · Filed: Apr 29, 2024 · CIK: 884219
| Field | Detail |
|---|---|
| Company | Viad Corp (PRSU) |
| Form Type | 8-K |
| Filed Date | Apr 29, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $1.50 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, financials
TL;DR
Viad Corp signed a big deal, filing an 8-K with financials. Details to come.
AI Summary
On April 26, 2024, Viad Corp entered into a Material Definitive Agreement. The filing also includes financial statements and exhibits related to this agreement. Specific details of the agreement and the financial implications are not fully disclosed in this initial 8-K filing.
Why It Matters
This filing indicates a significant new contract or transaction for Viad Corp, which could impact its future financial performance and business operations.
Risk Assessment
Risk Level: medium — The filing indicates a material definitive agreement, suggesting a significant event, but the lack of specific details introduces uncertainty.
Key Players & Entities
- Viad Corp (company) — Registrant
- April 26, 2024 (date) — Date of earliest event reported
- 7000 East 1st Avenue Scottsdale, Arizona 85251-4304 (address) — Principal executive offices
- 001-11015 (company_id) — Commission File Number
- 36-1169950 (company_id) — IRS Employer Identification No.
FAQ
What is the nature of the Material Definitive Agreement entered into by Viad Corp?
The filing states that Viad Corp entered into a Material Definitive Agreement on April 26, 2024, but does not provide specific details about the agreement's terms or counterparty.
When was the Material Definitive Agreement reported?
The earliest event reported, the entry into the Material Definitive Agreement, was on April 26, 2024.
What is Viad Corp's principal executive office address?
Viad Corp's principal executive offices are located at 7000 East 1st Avenue Scottsdale, Arizona 85251-4304.
What is Viad Corp's Commission File Number?
Viad Corp's Commission File Number is 001-11015.
What is Viad Corp's IRS Employer Identification Number?
Viad Corp's IRS Employer Identification Number is 36-1169950.
Filing Stats: 785 words · 3 min read · ~3 pages · Grade level 12.4 · Accepted 2024-04-29 16:10:10
Key Financial Figures
- $1.50 — nge on which registered Common Stock, $1.50 Par Value VVI New York Stock Exchan
Filing Documents
- vvi-20240426.htm (8-K) — 45KB
- vvi-ex10_1.htm (EX-10.1) — 77KB
- img215947244_0.jpg (GRAPHIC) — 4KB
- 0000950170-24-049848.txt ( ) — 287KB
- vvi-20240426.xsd (EX-101.SCH) — 52KB
- vvi-20240426_htm.xml (XML) — 4KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. On April 26, 2024, Viad Corp (the "Company") entered into the Fourth Amendment (the "Amendment"), among the Company, Brewster Inc., as a co-borrower, the other loan parties party thereto, the lenders party thereto and Bank of America, N.A., as administrative agent, which amends the Credit Agreement, dated as of July 30, 2021 (as amended, supplemented or otherwise modified from time to time, the "Credit Agreement"), among the Company, Bank of America, N.A., as administrative agent, the swing line lender and the lenders and letter of credit issuers party thereto from time to time. The Amendment modifies the Credit Agreement by, among other things, (i) reducing the applicable rate for the existing term loans by 0.75%, to SOFR + 4.25%, (ii) setting the credit spread adjustments to 0% for the existing term loans and (iii) resetting the 1% prepayment premium on any repricings for the existing term loans for six months. Other than the foregoing, the material terms of the Credit Agreement remain unchanged. The foregoing description of the Amendment is qualified in its entirety by reference to the full text of the Amendment, a copy of which is attached hereto as Exhibit 10.1 to this Current Report on Form 8-K, and incorporated herein by reference. We have included the Amendment as an exhibit to this filing to provide investors and security holders with information regarding its terms and it is not intended to provide any other factual information about Viad Corp or any of its subsidiaries. The representations and warranties in the Amendment were made only for the purposes of the Amendment, as of a specified date, and may be subject to a contractual standard of materiality different from what might be viewed as material to stockholders, or may have been used for the purpose of allocating risk between the parties. Accordingly, the representations and warranties in the Amendment are not necessarily characterizations of
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit Number Description 10.1 Fourth Amendment, dated April 26, 2024, to the Credit Agreement, dated as of July 30, 2021, among Viad Corp, Bank of America, N.A., and the lenders and letter of credit issuers party thereto from time to time. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE 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. Viad Corp (Registrant) Date: April 29, 2024 By: /s/ Jonathan A. Massimino Jonathan A. Massimino Title: General Counsel & Corporate Secretary