THE HAIN CELESTIAL GROUP, INC. (NASDAQ:HAIN) Files An 8-K Entry into a Material Definitive Agreement

0

THE HAIN CELESTIAL GROUP, INC. (NASDAQ:HAIN) Files An 8-K Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement.

On February 27, 2017, The Hain Celestial Group, Inc. (the
Company) issued a press release announcing that it had entered
into a Third Limited Waiver and Extension (the Waiver) to the
Second Amended and Restated Credit Agreement, dated December 12,
2014 (the Credit Agreement), by and among the Company, Bank of
America, N.A., as Administrative Agent, Swing Line Lender and L/C
Issuer, Bank of America Merrill Lynch International Limited, as
Global Swingline Lender, Wells Fargo Bank, N.A., as Syndication
Agent, JPMorgan Chase Bank, N.A., Citizens Bank, N.A. and Farm
Credit East, ACA, as Documentation Agents, and the other lenders
party thereto (the Required Lenders).
The Waiver provides that the Required Lenders waive compliance
with the affirmative covenants set forth in the Credit Agreement
regarding timely delivery of the Companys financial statements,
projections and other related documentation (collectively, the
Financial Deliverables) to the Administrative Agent, until May
30, 2017. Failure by the Company to deliver the Financial
Deliverables to the Administrative Agent on or prior to May 30,
2017 shall constitute an immediate event of default under the
Credit Agreement.
The foregoing description of the Waiver is not complete and is
qualified in its entirety by the terms and provisions of the
Waiver, a copy of which is filed herewith as Exhibit 10.1 and is
incorporated herein by reference.
A copy of the press release described above is filed herewith as
Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits. The following exhibit is filed herewith:
Exhibit No.
Description
10.1
Third Limited Waiver and Extension, dated February 27,
2017, to the Second Amended and Restated Credit
Agreement, dated as of December 12, 2014, by and among
The Hain Celestial Group, Inc., Bank of America, N.A.,
as Administrative Agent, Swing Line Lender and L/C
Issuer, Bank of America Merrill Lynch International
Limited, as Global Swingline Lender, Wells Fargo Bank,
N.A., as Syndication Agent, JPMorgan Chase Bank, N.A.,
Citizens Bank, N.A. and Farm Credit East, ACA, as
Documentation Agents, and the other lenders party
thereto.
99.1
Press Release of The Hain Celestial Group, Inc. dated
February 27, 2017.


About THE HAIN CELESTIAL GROUP, INC. (NASDAQ:HAIN)

The Hain Celestial Group, Inc. is an organic and natural products company. The Company and its subsidiaries manufacture, market, distribute and sell organic and natural products under brand names which are sold as better-for-you products. The Company’s segments include United States, United Kingdom, Hain Pure Protein and Rest of World. Its Rest of World segment includes Canada and Europe. The Company’s brand names include Almond Dream, Arrowhead Mills, Bearitos, BluePrint, Celestial Seasonings, Cully & Sully, Danival, DeBoles, Earth’s Best, Ella’s Kitchen, Empire, Europe’s Best, Farmhouse Fare, Frank Cooper’s, FreeBird, Gale’s, Garden of Eatin’, GG UniqueFiber, Hain Pure Foods, Hartley’s, Health Valley, Imagine, Johnson’s Juice Co., Joya, Kosher Valley, Lima, The Greek Gods, Tilda, Walnut Acres, WestSoy and Yves Veggie Cuisine. Its personal care products are marketed under the Alba Botanica, Avalon Organics, Earth’s Best, JASON, Live Clean and Queen Helene brands.

THE HAIN CELESTIAL GROUP, INC. (NASDAQ:HAIN) Recent Trading Information

THE HAIN CELESTIAL GROUP, INC. (NASDAQ:HAIN) closed its last trading session 00.00 at 35.28 with 825,507 shares trading hands.