Vertiv Holdings Co Enters Material Agreement, New Financial Obligation
Ticker: VRT · Form: 8-K · Filed: Feb 16, 2024 · CIK: 1674101
Sentiment: neutral
Topics: material-agreement, debt, regulation-fd
TL;DR
**Vertiv just took on new debt and signed a big deal, watch for details!**
AI Summary
Vertiv Holdings Co filed an 8-K on February 16, 2024, reporting an entry into a material definitive agreement and the creation of a direct financial obligation. The filing also included a Regulation FD Disclosure and financial statements and exhibits. The company, incorporated in Delaware with IRS number 81-2376902, is headquartered at 505 N. Cleveland Ave., Westerville, Ohio.
Why It Matters
This filing indicates Vertiv Holdings Co has undertaken new significant financial commitments, which could impact its balance sheet and future operational flexibility.
Risk Assessment
Risk Level: medium — The filing indicates new financial obligations and material agreements without specific details, which could introduce unknown risks or opportunities.
Key Players & Entities
- Vertiv Holdings Co (company) — Registrant
- Delaware (company) — State of incorporation
- 81-2376902 (dollar_amount) — I.R.S. Employer Identification No.
- 505 N. Cleveland Ave., Westerville, Ohio, 43082 (company) — Address of principal executive offices
- February 16, 2024 (date) — Date of earliest event reported
FAQ
What was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on February 16, 2024.
What items were disclosed in the 8-K filing by Vertiv Holdings Co?
The 8-K filing disclosed the Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Regulation FD Disclosure, and Financial Statements and Exhibits.
What is the address of Vertiv Holdings Co's principal executive offices?
The address of Vertiv Holdings Co's principal executive offices is 505 N. Cleveland Ave., Westerville, Ohio, 43082.
What is the Commission File Number for Vertiv Holdings Co?
The Commission File Number for Vertiv Holdings Co is 001-38518.
In which state is Vertiv Holdings Co incorporated?
Vertiv Holdings Co is incorporated in Delaware.
Filing Stats: 1,287 words · 5 min read · ~4 pages · Grade level 13.3 · Accepted 2024-02-16 17:01:03
Key Financial Figures
- $0.0001 — which registered Class A common stock, $0.0001 par value per share VRT New York St
- $30.0 million — ving loan commitments were increased by $30.0 million to a total loan commitment of $600.0 mi
- $600.0 million — 0 million to a total loan commitment of $600.0 million under the ABL revolving credit facility
- $87 million — ith the U.S. tranche being increased by $87 million and certain other tranches being reduce
- $75 million — swingline commitment was increased from $75 million to $100 million, certain borrowing base
- $100 m — tment was increased from $75 million to $100 million, certain borrowing base reporting
- $200 million — e in commitments of up to an additional $200 million (up from $30 million), subject to obtai
- $30 million — to an additional $200 million (up from $30 million), subject to obtaining commitments from
- $600 million — size of the facility by $30 million to $600 million in aggregate commitments, with an addit
Filing Documents
- d595876d8k.htm (8-K) — 29KB
- d595876dex101.htm (EX-10.1) — 1859KB
- 0001193125-24-038556.txt ( ) — 2411KB
- vrt-20240216.xsd (EX-101.SCH) — 3KB
- vrt-20240216_lab.xml (EX-101.LAB) — 17KB
- vrt-20240216_pre.xml (EX-101.PRE) — 11KB
- d595876d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits The following exhibits are being filed with this Current Report on Form 8-K: 10.1 Amendment No. 8 to the Revolving Credit Agreement, dated as of February 16, 2024, by and among Vertiv Intermediate Holding II Corporation, Vertiv Group Corporation, certain other affiliates of Vertiv Group Corporation, as borrowers and guarantors party thereto, JPMorgan Chase Bank, N.A., as administrative agent and the lenders party thereto. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) - 3 - 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. Dated: February 16, 2024 VERTIV HOLDINGS CO By: /s/ David Fallon Name: David Fallon Title: Chief Financial Officer - 4 -