The Marzetti Company entered into a First Amendment to its Credit Agreement on March 4, 2026, increasing the revolving loan commitment from $150 million to $200 million and adding a $200 million term loan to finance the acquisition of Bachan’s, Inc., with potential for an additional $200 million in credit availability.
Key takeaways
First Amendment to Credit Agreement executed March 4, 2026
Revolving loan increased from $150 million to $200 million
New $200 million term loan for Bachan’s, Inc. acquisition
Term loan maturity five years from funding, with springing maturity March 6, 2029 if conditions not met
Potential expansion by additional $200 million subject to conditions
Parties include JPMorgan Chase Bank, N.A. as Administrative Agent, The Huntington National Bank and Bank of America, N.A. as Co-Syndication Agents