Univar Inc. (NYSE:UNVR) Files An 8-K Entry into a Material Definitive Agreement

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Univar Inc. (NYSE:UNVR) Files An 8-K Entry into a Material Definitive Agreement

Item1.01

Entry into a Material Definitive Agreement.

On January19, 2017 (First Amendment Effective Date), Univar USA
Inc. (the Company), as the borrower, and Univar Inc., as
holdings, entered into the First Amendment (the First Amendment)
to that certain credit agreement, dated July1, 2015 (the Credit
Agreement and, as amended by the First Amendment, the Amended
Credit Agreement). to the First Amendment, (i)Bank of America
N.A. and the other lenders agreed to provide a new Term
B-2 loan facility
in an aggregate principal amount of $2.2billion, which replaces
all of the U.S. dollar loans and 175.6million U.S. dollars of
euro loans outstanding under the Credit Agreement immediately
prior to the First Amendment Effective Date and (ii) 82.7million
euros of the original Term B loan facility remained outstanding
(collectively, the New Senior Term Facilities).

The Companys
obligations under the New Senior Term Facilities are guaranteed
on a senior secured basis, jointly and severally, by the Company,
Univar Inc. and certain of its material wholly-owned U.S.
subsidiaries. The Company, Univar Inc. and certain of its
material wholly-owned U.S. subsidiaries have granted a lien over
substantially all of their respective assets to secure the New
Senior Term Facilities.

to the First
Amendment, the interest rates applicable to (i)the dollar
denominated loans under the New Senior Term Facilities will be
based on, at the Companys option, a fluctuating rate of interest
determined by reference to a base rate plus an applicable margin
equal to 1.75% or a Eurocurrency rate plus an applicable margin
equal to 2.75%, subject to a floor of 0.00% and (ii)the euro
denominated loans remain unchanged. Other than as discussed
above, the terms of the Amended Credit Agreement, including the
maturity, which remains July1, 2022, are principally unchanged
from the provisions in the Credit Agreement.

The foregoing
summary of the New Senior Term Facilities does not purport to be
complete and is qualified in its entirety by reference to the
complete terms of the First Amendment and the Amended Credit
Agreement, filed as Exhibit 10.1 to this current report on Form
8-K, and incorporated herein by reference.

Item2.03 Creation of a Direct Financial Obligation or an
Obligation under an Off-Balance Sheet Arrangement of a
Registrant.

The information
contained in Item1.01 concerning the Companys direct financial
obligations under the New Senior Term Facilities is hereby
incorporated herein by reference into this Item 2.03.

Item8.01 Other Events

Attached as
Exhibit 99.1 and incorporated by reference herein is a copy of
Univar Inc.s press release dated January20, 2017 announcing the
effectiveness of the First Amendment.

Item9.01 Financial Statements and Exhibits.

(d)
Exhibits.

Exhibit

Number

Description
10.1 First Amendment to Credit Agreement and Amended Credit
Agreement, dated as of January19, 2017 between Univar USA
Inc., Univar Inc., the several banks and financial
institutions from time to time party thereto and Bank of
America, N.A.
99.1 Press release dated January20, 2017.


About Univar Inc. (NYSE:UNVR)

Univar Inc. is a distributor of commodity and specialty chemicals. The Company’s segments include Univar USA (USA); Univar Canada (Canada); Univar Europe, the Middle East and Africa (EMEA), and Rest of World. The Rest of World segment includes developing businesses in Latin America, including Brazil and Mexico, and the Asia-Pacific region. Its USA segment offers commodity and specialty chemicals to manufacturing and industrial production sectors in the United States. Its Canadian operations are divided into approximately two regions: Eastern Canada, where it focuses on customer end markets, including cleaning and sanitization, chemical manufacturing, personal care and pharmaceutical, and Western Canada, where it focuses on forestry, chemical manufacturing, mining, and oil and gas markets, such as midstream gas and oil sands processing, as well as refining. Its EMEA segment caters to pharmaceutical products and ingredients, food, coating and adhesives, and personal care industries.

Univar Inc. (NYSE:UNVR) Recent Trading Information

Univar Inc. (NYSE:UNVR) closed its last trading session 00.00 at 28.80 with 369,600 shares trading hands.