UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest
event reported): April 13, 2020 (
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation)
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Item 1.01. Entry into a Material Definitive Agreement.
On April 9, 2020, Veritiv Corporation (the “Company”) entered into an amendment and restatement of its Credit Agreement dated as of July 1, 2014, as amended as of August 11, 2016 among the Company, Veritiv Operating Company and the other borrowers from time to time parties thereto, the several lenders and financial institutions from time to time parties thereto, Bank of America, N.A., as administrative agent and collateral agent for the lenders party thereto, and the other parties thereto, which provides for an asset-based lending credit facility in an aggregate principal amount of up to $1.1 billion, subject to availability under a borrowing base (the “Amended and Restated ABL Facility”). The Amended and Restated ABL Facility, among other things, extended the maturity date of the facility to April 9, 2025, reduced total commitments from $1,400,000,000 to $1,100,000,000 and adjusted the pricing grid applicable to interest rates thereunder. Customary fees are payable in respect of the Amended and Restated ABL Facility.
A copy of the Amended and Restated ABL Facility is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On April 10, 2020, Guilherme (Gui) Nebel de Mello resigned as Interim Principal Financial Officer and Stephen J. Smith, the Company’s Senior Vice President and Chief Financial Officer, resumed the role as the Company’s principal financial officer following his full recuperation from a medical procedure earlier this year. Mr. Nebel will continue as the Company’s Vice President Financial Planning and Analysis and Treasurer. Please refer to the Company’s Annual Report on Form 10-K for the year ended December 31, 2019 for Mr. Smith’s biographical information.
Item 9.01. Financial Statements and Exhibits.
| (d) | Exhibits. |
The following exhibits are filed with this report:
SIGNATURES
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 thereunto duly authorized.
| VERITIV CORPORATION |
| By: | /s/ Mark W. Hianik | |
| Name: Mark W. Hianik Title: Senior Vice President, General Counsel & Corporate Secretary |
Date: April 13, 2020