secwatch.observer — SEC 8-K summary
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Issuer:     GRACO INC (GGG)
CIK:        0000042888
Form:       8-K
Filed at:   2022-12-16T23:59:59+00:00
Accession:  0000042888-22-000041
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Graco amends note agreement: increases shelf facility to $250M, extends maturity to 15 years
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/42888/000004288822000041/0000042888-22-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/42888/000004288822000041/ggg-20221216.htm
  HTML page:      https://secwatch.observer/filing/0000042888-22-000041

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