Floor & Decor amends term loan, switching to SOFR from Libor

By Sara Rosenberg

New York, Nov. 16 – Floor & Decor Holdings Inc. amended its term loan to transition to SOFR from Libor, according to an 8-K filed with the Securities and Exchange Commission on Tuesday.

The applicable margin on the term loan was unchanged with the amendment. Pricing can range from SOFR plus 200 basis points to 225 bps based on consolidated secured leverage with a 0% floor.

UBS is the administrative agent on the deal.

The amendment was completed on Nov. 15.

Floor & Decor is an Atlanta-based specialty retailer in the hard surface flooring market.

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