Simply Good Foods $150M incremental term loan and credit extension
Rhea-AI Filing Summary
The Simply Good Foods Company announced that its subsidiary Simply Good Foods USA, Inc. entered into Amendment No. 8 to its Credit Agreement on November 19, 2025. The amendment establishes a new $150,000,000 incremental term loan facility to fund working capital and general corporate purposes, including reinvestment, growth capital spending and repurchases of certain capital stock.
The amendment also extends the revolving credit facility maturity to December 16, 2029 and extends the term loan facility maturity to March 17, 2030. The interest rate for all revolving SOFR loans is set at SOFR plus 2.00%, subject to a 0.00% floor, and all term SOFR loans, including the new 2025 Incremental Term Loans, carry a 0.00% floor.
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Insights
Simply Good Foods adds $150M term debt and extends loan maturities.
The Simply Good Foods Company, through its subsidiary, entered an eighth amendment to its Credit Agreement creating
The amendment also extends the revolving credit facility maturity to
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
Current Report
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Item 1.01 Entry into a Material Definitive Agreement.
On November 19, 2025, Simply Good Foods USA, Inc., a wholly owned subsidiary of The Simply Good Foods Company (“Simply USA”), which is the Administrative Borrower under the Credit Agreement (as defined below), entered into that certain Amendment No. 8 (the “Credit Agreement Amendment”) to that certain Credit Agreement, dated as of July 7, 2017 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among Atkins Intermediate Holdings, LLC, a Delaware limited liability company (“Holdings”), Conyers Park Acquisition Corp., a Delaware corporation, Simply USA, Atkins Nutritionals Holdings, Inc., a Delaware corporation (“ANH”), Atkins Nutritionals Holdings II, Inc., a Delaware corporation (“ANH II”), NCP-ATK Holdings, Inc., a Delaware corporation, (“NCP” and, together with Simply USA, ANH, and ANHII, the “Borrowers”), the lenders party thereto and Barclays Bank PLC, as administrative agent.
The Credit Agreement Amendment, among other things, (i) established a $150,000,000 incremental term facility (the loans thereunder, the “2025 Incremental Term Loans”) to fund working capital and general corporate purposes, including reinvestment, growth capital expenditures and repurchases of certain capital stock; (ii) extended the maturity date of the revolving facility to December 16, 2029 and (iii) extended the maturity date of the term loan facility to March 17, 2030. The interest rate for all revolving SOFR loans outstanding under the Credit Agreement was also amended to SOFR plus 2.00%, subject to a floor of 0.00%. The 2025 Incremental Term Loans have substantially the same terms as the existing term loans under the Credit Agreement and all term SOFR loans outstanding under the Credit Agreement are subject to a floor of 0.00% after giving effect to the Credit Agreement Amendment.
The above description of the Credit Agreement Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Credit Agreement Amendment.
A copy of the Credit Agreement is attached as Exhibit 10.1 and is incorporated herein by reference.
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
The information set forth under Item 1.01 of this Current Report on Form 8-K with respect to the Amendment is hereby incorporated by reference into this Item 2.03.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
| Exhibit No. |
Description | |
| 10.1 | Amendment No. 8, dated as of November 19, 2025, among Atkins Intermediate Holdings, LLC, a Delaware limited liability company , Conyers Park Acquisition Corp., a Delaware corporation, Simply Good Foods USA, Inc., a New York corporation, Atkins Nutritionals Holdings, Inc., a Delaware corporation, Atkins Nutritionals Holdings II, Inc., a Delaware corporation, NCP-ATK Holdings, Inc., a Delaware corporation, certain other subsidiaries of Simply Good Foods USA, Inc., the lenders party thereto and Barclays Bank PLC, as administrative agent. | |
| 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.
| Date: November 20, 2025 | By: | /s/ Christopher J. Bealer | |
| Name: | Christopher J. Bealer | ||
| Title: | Chief Financial Officer | ||
| (Principal Financial Officer) | |||
FAQ
What did The Simply Good Foods Company (SMPL) announce in this 8-K?
How large is the new incremental term loan facility for SMPL?
What are the intended uses of the new $150,000,000 term loans for SMPL?
How did the amendment change Simply Good Foods' debt maturities?
What interest rate now applies to Simply Good Foods' revolving SOFR loans?
Do the new 2025 Incremental Term Loans have different terms from existing term loans?
Where can investors find the full details of SMPL's credit amendment?
