Whole Earth Brands, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Cover
- COVER PAGE
Financial Statements
Notes to Financial Statements
Accounting Policies
- BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Policies)
Notes Tables
Notes Details

DEBT - Narrative (Details)

v3.20.2

DEBT - Narrative (Details)	Sep. 30, 2020 USD ($) quarter	Jul. 01, 2020	Jun. 25, 2020 USD ($)	Dec. 31, 2019 USD ($)
Debt Instrument [Line Items]
Maximum borrowing capacity			$ 50,000,000
Issuance costs, commitment period (in years)	5 years
Borrowings	$ 138,250,000			$ 0
Interest rate on conversion (as a percent)		4.50%
Senior secured first lien term loan facility
Debt Instrument [Line Items]
Face amount			$ 140,000,000
Term of debt			5 years
First lien revolving loan facility
Debt Instrument [Line Items]
Term of debt			5 years
Maximum borrowing capacity			$ 50,000,000
Commitment fee (as a percent)			0.40%
Commitment fee upon achievement of certain leverage ratios (as a percent)			0.30%
Outstanding letter of credit	2,100,000
Issuance costs capitalized	1,900,000
Borrowings	$ 0
LIBOR \| First lien revolving loan facility
Debt Instrument [Line Items]
Floor rate (as a percent)			1.00%
LIBOR \| Minimum \| First lien revolving loan facility
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)			3.00%
LIBOR \| Maximum \| First lien revolving loan facility
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)			3.75%
Base Rate \| First lien revolving loan facility
Debt Instrument [Line Items]
Floor rate (as a percent)			2.00%
Base Rate \| Minimum \| First lien revolving loan facility
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)			2.00%
Base Rate \| Maximum \| First lien revolving loan facility
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)			2.75%
First 12 fiscal quarters
Debt Instrument [Line Items]
Number of fiscal quarters for repayment \| quarter	12
Percentage of beginning principal amount repaid	1.25%
Periodic repayment amount	$ 1,750,000
Following seven fiscal quarters
Debt Instrument [Line Items]
Number of fiscal quarters for repayment \| quarter	7
Percentage of beginning principal amount repaid	2.50%
Periodic repayment amount	$ 3,500,000

- Definition

Percentage of floor interest rate on debt instrument.

+ References

No definition available.

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- Definition

Percentage of principal amount of debt this is required to be paid periodically.

+ References

No definition available.

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- Definition

Number of fiscal quarters in which the debt instrument is to be repaid.

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- Definition

Debt Issuance Costs, Gross, Commitment Period

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- Definition

The fee upon achievement of certain leverage ratios, expressed as a percentage of the line of credit facility, for available but unused credit capacity under the credit facility.

+ References

No definition available.

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- Definition

Dividend or interest rate associated with the financial instrument issued in exchange for the original debt being converted in a noncash or part noncash transaction. Noncash are transactions that affect recognized assets or liabilities but that do not result in cash receipts or cash payments. Part noncash refers to that portion of the transaction not resulting in cash receipts or cash payments.

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- Definition

Percentage points added to the reference rate to compute the variable rate on the debt instrument.

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- Definition

Amount, before unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt.

+ References

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- Definition

Face (par) amount of debt instrument at time of issuance.

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- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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- Definition

Amount of the required periodic payments applied to principal.

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- Definition

Period of time between issuance and maturity of debt instrument, in PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.

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Amount, before accumulated amortization, of debt issuance costs. Includes, but is not limited to, legal, accounting, underwriting, printing, and registration costs.

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- Definition

The total amount of the contingent obligation under letters of credit outstanding as of the reporting date.

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- Definition

Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility.

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The fee, expressed as a percentage of the line of credit facility, for available but unused credit capacity under the credit facility.

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