Current Report Filing (8-k)

Date : 11/15/2019 @ 9:19PM
Source : Edgar (US Regulatory)
Stock : JM Smucker Company (SJM)
Quote : 107.8  1.41 (1.33%) @ 11:49PM
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Current Report Filing (8-k)

false0000091419 0000091419 2019-11-14 2019-11-14


 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
 
 
FORM 8-K
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 14, 2019
 
The J. M. Smucker Company
(Exact Name of Registrant as Specified in Charter)
 
Ohio
 
001-05111
 
34-0538550
(State or Other Jurisdiction
of Incorporation)
 
(Commission
File Number)
 
(IRS Employer
Identification No.)
One Strawberry Lane
 
 
Orrville,
Ohio
 
44667-0280
(Address of Principal
Executive Offices)
 
(Zip Code)
Registrant’s telephone number, including area code: (330) 682-3000
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
 
 
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
 
Trading symbol
 
Name of each exchange on
which registered
Common Shares, no par value
 
SJM
 
New York Stock Exchange
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging Growth Company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐
 





Item 1.01    Entry into a Material Definitive Agreement.

Amendment to Term Loan Credit Agreement
On November 14, 2019, The J. M. Smucker Company (the “Company”) entered into Amendment No. 1 (the “Amendment”) to the Term Loan Credit Agreement, dated as of April 27, 2018, among the Company, as borrower, the lenders party thereto, and Bank of America, N.A., as administrative agent (the “Credit Agreement”).
Among other matters, the Amendment decreases the applicable margins on LIBOR loans to a range from 0.80% to 1.250%, in each case based on the Company’s long-term unsecured debt rating.
Several of the lenders under the Credit Agreement and their affiliates have various relationships with the Company and its subsidiaries involving the provision of financial services, including investment banking, commercial banking, advisory, cash management, custody and trust services for which they receive customary fees and may do so in the future.
The Credit Agreement was filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K filed on May 1, 2018. A copy of the Amendment to the Credit Agreement is included herein as Exhibit 10.1 and is incorporated herein by reference. The foregoing description of the Amendment is qualified in its entirety by reference to the full text of the Amendment.

Item 2.03
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The disclosure contained in Item 1.01 above is incorporated in this Item 2.03 by reference.

Item 9.01     Financial Statements and Exhibits.

(d)
Exhibits
Exhibit
Number
Exhibit
Description

101.INS
XBRL Instance Document - The instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document
101.SCH
XBRL Taxonomy Extension Schema Document
101.PRE
XBRL Taxonomy Extension Presentation Linkbase Document
101.DEF
XBRL Taxonomy Extension Definition Linkbase Document
101.CAL
XBRL Taxonomy Extension Calculation Linkbase Document
101.LAB
XBRL Taxonomy Extension Label Linkbase Document
104
The cover page of this Current Report on Form 8-K, formatted in Inline XBRL





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.
 
THE J. M. SMUCKER COMPANY
 
 
By:
/s/ Jeannette L. Knudsen
 
Name: Jeannette L. Knudsen
 
Title:   Senior Vice President, General Counsel
            and Secretary
Date:  November 15, 2019


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