Horizon Global Corporation (NYSE:HZN) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement.

Amendment to Term Loan Credit Agreement

On February 16, 2018, Horizon Global Corporation (the “Company”) entered into the 2018 Replacement Term Loan Agreement (Fourth Amendment to Credit Agreement) (the “Amendment”) with JPMorgan Chase Bank, N.A., as administrative agent, certain of its affiliates and the other institutions named on the pages thereto, to amend the Term Loan Credit Agreement, dated as of June 30, 2015 (the “Credit Agreement”), by and among the Company, as borrower, JPMorgan Chase Bank, N.A., as administrative agent and the other lenders that are parties thereto. The Amendment provides for a replacement term loan facility, in the original aggregate principal amount of $385,000,000, to replace the prior term loan facility. The proceeds of the replacement term loan facility will be used (i) to repay in full the outstanding principal amount of the term loans outstanding immediately prior thereto, (ii) to consummate the acquisition of Brink International B.V. and its subsidiaries and pay a portion of the acquisition consideration thereof and the fees and expenses incurred in connection therewith and (iii) for general corporate purposes.

Certain lenders and agents that are parties to the Amendment have in the past performed, and may in the future from time to time perform, investment banking, financial advisory, lending or commercial banking services for the Company and its subsidiaries and affiliates, for which they have received, and may in the future receive, customary compensation and reimbursement of expenses.

Item 2.03. Creation of a Direct Financial Obligation.

The information set forth under Item 1.01 above is hereby incorporated into this Item 2.03 by reference.

About Horizon Global Corporation (NYSE:HZN)

Horizon Global Corporation is a designer, manufacturer and distributor of a range of custom-engineered towing, trailering, cargo management and other related accessory products serving the automotive aftermarket, retail and original equipment (OE) channels. The Company operates through two segments: Cequent Americas and Cequent APEA. The Cequent Americas segment consists of two operating segments: Cequent Performance Products (CPP), a manufacturer of aftermarket and original equipment manufacturer (OEM) towing and trailering products and accessories, and Cequent Consumer Products (CCP), a provider of towing, trailering, vehicle protection and cargo management solutions serving the end user through retailers. The Cequent Americas segment has operates in North America, and its towing and trailering-related products are sold through retail, aftermarket and OE channels. The Cequent APEA segment focuses its sales and manufacturing efforts outside of the Americas, operating in Australia.