Global Industrial extends credit facility to 2031
Global Industrial Company entered into Amendment No. 4 to its Third Amended and Restated Credit Agreement with JPMorgan Chase Bank and other lenders.
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Form Type
8-K
Rhea-AI Filing Summary
Global Industrial Company entered into Amendment No. 4 to its Third Amended and Restated Credit Agreement with JPMorgan Chase Bank and other lenders. The amendment, dated June 30, 2026, extends the credit facility’s maturity date from October 19, 2026 to June 30, 2031.
8-K Event Classification
3 items: 1.01, 2.03, 9.01
3 items
Item 1.01
Entry into a Material Definitive Agreement
Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 2.03
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Financial
The company incurred a new significant debt or off-balance-sheet obligation.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Amendment date: June 30, 2026
New credit facility maturity: June 30, 2031
Prior credit facility maturity: October 19, 2026
+2 more
5 metrics
Amendment date
June 30, 2026
Date of Amendment No. 4
New credit facility maturity
June 30, 2031
Extended maturity date under Amendment No. 4
Prior credit facility maturity
October 19, 2026
Original maturity before Amendment No. 4
Original credit agreement date
October 28, 2016
Date of Third Amended and Restated Credit Agreement
Amendment exhibit
Exhibit 10.1
Filed with current report for Amendment No. 4
Key Terms
Third Amended and Restated Credit Agreement, Amendment No. 4, Administrative Agent, Sole Bookrunner and Sole Lead Arranger, +1 more
5 terms
Third Amended and Restated Credit Agreement financial
"the Third Amended and Restated Credit Agreement, dated as of October 28, 2016"
Amendment No. 4 financial
"entered into Amendment No. 4 (the “Amendment”) to the Third Amended"
Administrative Agent financial
"JPMorgan Chase Bank, N.A., as Administrative Agent, Sole Bookrunner and Sole Lead Arranger"
An administrative agent is a bank or financial firm appointed to handle the day-to-day paperwork and communication for a group of lenders on a loan or credit agreement, acting as the central point for collecting payments, distributing funds, monitoring covenants, and sharing information. For investors, the administrative agent matters because it influences how quickly lenders receive updates, how smoothly repayments and waivers are handled, and how effectively the lending group enforces terms — think of it as a property manager coordinating tasks for multiple owners.
Sole Bookrunner and Sole Lead Arranger financial
"JPMorgan Chase Bank, N.A., as Administrative Agent, Sole Bookrunner and Sole Lead Arranger"
Credit Agreement financial
"the lenders from time to time party thereto (the “Credit Agreement”)."
A credit agreement is a written loan contract between a borrower and a bank or other lender that lays out how much money can be borrowed, the interest rate, repayment schedule, fees, and the rules the borrower must follow. For investors, it matters because those terms affect a company’s cash costs, borrowing flexibility and risk of default — similar to how a mortgage’s rules determine a homeowner’s monthly budget and freedom to make changes.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Global Industrial Company (GIC) change in its credit agreement?
Global Industrial Company extended the maturity of its main credit agreement. Amendment No. 4 moves the facility’s maturity date from October 19, 2026 to June 30, 2031, maintaining its lending relationship with JPMorgan Chase Bank and other lenders.
When does Global Industrial Company’s amended credit facility now mature?
The company’s amended credit facility now matures on June 30, 2031. Previously, the Third Amended and Restated Credit Agreement had a maturity date of October 19, 2026, which has been pushed out by Amendment No. 4.
Who is the administrative agent for Global Industrial Company’s credit agreement?
JPMorgan Chase Bank, N.A. serves as administrative agent. It is also designated as Sole Bookrunner and Sole Lead Arranger under the Third Amended and Restated Credit Agreement, working with lenders that are party to the facility over time.
What document governs Global Industrial Company’s extended credit facility?
The facility is governed by the Third Amended and Restated Credit Agreement. This agreement, originally dated October 28, 2016, has been modified several times, including Amendment No. 4 dated June 30, 2026 extending the maturity to June 30, 2031.
Where can investors find the full text of Amendment No. 4 for GIC?
The complete Amendment No. 4 is filed as Exhibit 10.1. It is attached to the current report and incorporated by reference, allowing investors to review the detailed terms affecting Global Industrial Company’s extended credit agreement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
