SpartanNash Company (NASDAQ:SPTN) Files An 8-K Entry into a Material Definitive Agreement

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SpartanNash Company (NASDAQ:SPTN) Files An 8-K Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement.

On December 20, 2016, SpartanNash Company and certain of its
subsidiaries entered into an amendment (the Amendment) to the
Companys Amended and Restated Loan and Security Agreement (the
Credit Agreement) with Wells Fargo Capital Finance, LLC, as
administrative agent, and certain lenders from time to time party
to the Credit Agreement.

The Amendment:

extends the maturity date of the term loan from January
8, 2020 to December 20, 2021;

provides the ability to increase the size of term loan to
$60 million from approximately $27 million;

amends the interest rate grid set forth in the definition
of Applicable Margin, such that rates are now from LIBOR
plus 1.25% to LIBOR plus 1.75%; and

resets the Advance Rate on Eligible Real Property to 75%
of appraised fair market value.

The foregoing description of the Amendment does not purport to be
complete. The Amendment is attached to this Report as Exhibit
10.1 and is incorporated into this Item 1.01 in its entirety.

Item 9.01. Financial Statements, Pro Forma Financial Information,
and Exhibits.

(d) Exhibits:

10.1

Amendment No. 2 to Amended and Restated Loan and Security
Agreement, dated December 20, 2016, among SpartanNash
Company and certain of its subsidiaries, as borrowers,
and Wells Fargo Capital Finance, LLC, as administrative
agent, and certain lenders from time to time party
thereto.


About SpartanNash Company (NASDAQ:SPTN)