On April 9, 2020, Veritiv Corporation 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.

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.