AUTOZONE INC: Signing of a Material Definitive Agreement, Creation of a Direct Financial Obligation or Obligation under a Registrant’s Off-Balance Sheet Arrangement, Financial Statements and Exhibits (Form 8-K)
Article 1.01. The conclusion of an important definitive agreement.
The information set out in Section 2.03 of this current report on Form 8-K is incorporated by reference in this Section 1.01.
Article 2.03. Creation of a direct financial obligation or obligation under an off-balance sheet arrangement of a registrant.
The new revolving credit agreement will terminate, and all amounts borrowed under the new revolving credit agreement will be due and payable, on
Revolving borrowings under the New Revolving Credit Agreement may be base rate loans, Eurodollar loans, or a combination of the two, at AutoZone’s option. Prime rate loans will bear interest at a base rate plus the “applicable margin” (as defined in the new revolving credit agreement), where the base rate is a fluctuating rate equal to the greater of (a) the federal funds rate plus 0.5%, (b) the interest rate publicly announced from time to time by
The new revolving credit agreement contains restrictive, negative, and financial covenants (each with the usual exceptions), which AutoZone says are customary for such an arrangement.
The foregoing description of the terms of the New Revolving Credit Agreement is only a summary and is qualified in its entirety by the full text of the New Revolving Credit Agreement, which is filed as Exhibit 10.1 of this current report on form. 8-K.
Article 9.01. Financial statements and supporting documents.
(d) Exhibits. Exhibit No. Description 10.1* Fourth Amended and Restated Credit Agreement, dated as of
November 15, 2021, among AutoZone, Inc., as borrower, the lenders party thereto, and Bank of America, N.A., as administrative agent. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
* Parts of this exhibit have been omitted in accordance with Rule 601 (b) (10) of Regulation SK.
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