Utz Brands Files 8-K with SEC

Ticker: UTZ · Form: 8-K · Filed: Jan 29, 2025 · CIK: 1739566

Utz Brands, Inc. 8-K Filing Summary
FieldDetail
CompanyUtz Brands, Inc. (UTZ)
Form Type8-K
Filed DateJan 29, 2025
Risk Levellow
Pages2
Reading Time3 min
Key Dollar Amounts$0.0001, $630,335,333.88, $1.6 million
Sentimentneutral

Sentiment: neutral

Topics: sec-filing, 8-k, corporate-reporting

Related Tickers: UTZ

TL;DR

Utz Brands (UTZ) filed an 8-K on Jan 29, 2025, standard SEC reporting.

AI Summary

Utz Brands, Inc. filed an 8-K on January 29, 2025, to report information under Section 13 or 15(d) of the Securities Exchange Act of 1934. The filing indicates the company's principal executive offices are located at 900 High Street, Hanover, PA 17331. Utz Brands, Inc. has Class A Common Stock trading on the New York Stock Exchange under the symbol UTZ.

Why It Matters

This filing serves as a public record of Utz Brands, Inc.'s compliance with SEC reporting requirements, providing transparency to investors and the market.

Risk Assessment

Risk Level: low — This is a routine SEC filing with no new material financial or operational information disclosed.

Key Players & Entities

  • Utz Brands, Inc. (company) — Registrant
  • January 29, 2025 (date) — Earliest event reported
  • 900 High Street, Hanover, PA 17331 (address) — Principal executive offices
  • UTZ (ticker) — Trading Symbol for Class A Common Stock
  • New York Stock Exchange (company) — Exchange where Class A Common Stock is registered

FAQ

What is the primary purpose of this 8-K filing?

The primary purpose of this 8-K filing is to report current information under Section 13 or 15(d) of the Securities Exchange Act of 1934.

When was the earliest event reported in this filing?

The earliest event reported in this filing occurred on January 29, 2025.

Where are Utz Brands, Inc.'s principal executive offices located?

Utz Brands, Inc.'s principal executive offices are located at 900 High Street, Hanover, PA 17331.

What class of stock does Utz Brands, Inc. have registered on the New York Stock Exchange?

Utz Brands, Inc. has Class A Common Stock, par value $0.0001 per share, registered on the New York Stock Exchange.

What is the trading symbol for Utz Brands, Inc.'s Class A Common Stock?

The trading symbol for Utz Brands, Inc.'s Class A Common Stock is UTZ.

Filing Stats: 726 words · 3 min read · ~2 pages · Grade level 11.4 · Accepted 2025-01-29 16:35:39

Key Financial Figures

  • $0.0001 — stered Class A Common Stock, par value $0.0001 per share UTZ New York Stock Exchange
  • $630,335,333.88 — term loans having a principal amount of $630,335,333.88 as of the Refinancing Date. Except as s
  • $1.6 million — terest expense savings of approximately $1.6 million annually. The foregoing description of

Filing Documents

01 Entry Into a Material Definitive Agreement

Item 1.01 Entry Into a Material Definitive Agreement On January 29, 2025 (the "Refinancing Date") Utz Quality Foods, LLC, a Delaware limited liability company ("Borrower"), a subsidiary of Utz Brands, Inc. (the "Company"), and Utz Brands Holdings, LLC, a Delaware limited liability company ("Parent"), entered into an amendment to that certain First Lien Credit Agreement, dated as of November 21, 2017 (as amended, restated, amended and restated, supplemented or otherwise modified prior to the date hereof, (the "Existing Credit Agreement"), with Bank of America, N.A. as Administrative Agent (as defined thereunder), and each lender from time to time party thereto, to effectuate a new senior secured term loan facility (the "Refinancing Facility"), which, among other changes, (i) refinances and replaces in full all of the outstanding term loans of the Borrower, (ii) reduces the interest rate on the Refinancing Facility from the Secured Overnight Financing Rate ("SOFR") rate +2.75% per annum to the SOFR rate +2.50% per annum, (iii) extends the maturity date from January 20, 2028 to January 29, 2032. Pursuant to the Refinancing Facility, the Borrower refinanced and replaced, in full, outstanding term loans having a principal amount of $630,335,333.88 as of the Refinancing Date. Except as set forth herein, the material terms of the Refinancing Facility remain unchanged. Under the amended terms of the Term Loan, the Company estimates that the repricing of debt will produce cash interest expense savings of approximately $1.6 million annually. The foregoing description of the Refinancing Facility is not complete and is qualified in its entirety by reference to the full text of the Refinancing Facility, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated into this Item 1.01 by reference. Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The description of the Refinancing

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Amendment No. 6 to that certain First Lien Credit Agreement, dated as of November 21, 2017. 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. Utz Brands, Inc. Dated: January 29, 2025 By: /s/ Ajay Kataria Name: Ajay Kataria Title: Executive Vice President, Chief Financial Officer and Chief Accounting Officer

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