{"schema_version":"secwatch.filing_event.v1","accession":"0000042888-22-000041","form_type":"8-K","ticker":"GGG","cik":"0000042888","company_name":"GRACO INC","filed_at":"2022-12-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:53.210365+00:00","generated_at":"2026-06-21T03:44:08.607334+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Graco amends note agreement: increases shelf facility to $250M, extends maturity to 15 years","bullets":["Maximum aggregate principal under shelf note facility raised from $200M to $250M; no notes issued to date.","Issuance period extended to December 16, 2027 (from January 29, 2023).","Maximum maturity for fixed-rate notes extended from 12 to 15 years after issuance.","LIBOR replaced with SOFR for floating-rate notes; benchmark replacement provisions added."],"urls":{"canonical":"https://secwatch.observer/filing/0000042888-22-000041","json":"https://secwatch.observer/filing/0000042888-22-000041.json","markdown":"https://secwatch.observer/filing/0000042888-22-000041.md","text":"https://secwatch.observer/filing/0000042888-22-000041.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/42888/000004288822000041/0000042888-22-000041-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/42888/000004288822000041/ggg-20221216.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T03:44:08.607334+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"bb06ee1692ac1472e8e085bc1682cb2ba73e60f8","claim":"GRACO INC amended First Amendment to Master Note Agreement with NYL Investors LLC valued at $250 million (effective 2022-12-16).","evidence_excerpt":"On December 16, 2022, Graco Inc. (the “Company”) entered into a First Amendment to Master Note Agreement (the “Amendment”) that amends its Master Note Agreement dated January 29, 2020 (as amended, the “Note Agreement”) with NYL Investors LLC (“New York Life”). The Amendment extends the period in which the Company may issue, and affiliates of New York Life may purchase, the Company’s senior notes (the “Shelf Notes”) from January 29, 2023 to December 16, 2027. The Amendment also increases the maximum aggregate principal amount of Shelf Notes the Company may issue under the Note Agreement from $200 million to $250 million, although the maximum aggregate amount of Shelf Notes bearing interest at a floating rate that may be outstanding at any one time will continue to be $100 million.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/42888/000004288822000041/0000042888-22-000041-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"NYL Investors LLC"},{"label":"Value","value":"$250 million"},{"label":"Effective","value":"2022-12-16"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}