Simply Good Foods Company announced that its subsidiary, Simply Good Foods USA, Inc., has entered into a Repricing Amendment to its existing Credit Agreement, originally dated July 7, 2017. The amendment, executed on January 31, 2025, primarily reduces interest rates on outstanding Initial Term Loans. Specifically, SOFR-based loans will see a rate reduction from 2.50% to 2.00%, while ABR-based loans will be reduced from 1.50% to 1.00%. Additionally, the amendment removes the credit spread adjustment previously applied to SOFR loans and resets the prepayment premium period for Repricing Transactions to six months following the amendment’s effective date.

The amendment was made in coordination with Barclays Bank PLC, acting as the administrative agent, and several participating lenders. This adjustment is expected to lower borrowing costs for the company and improve financial flexibility.

A copy of the full amendment is attached as Exhibit 10.1 to the SEC filing. The changes outlined in the amendment are also incorporated into the company’s disclosure regarding financial obligations under Item 2.03 of the report.