{"schema_version":"secwatch.filing_event.v1","accession":"0000042888-23-000029","form_type":"8-K","ticker":"GGG","cik":"0000042888","company_name":"GRACO INC","filed_at":"2023-05-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.854143+00:00","generated_at":"2026-06-14T17:35:27.096027+00:00","sec_items":["1.01","9.01"],"event_type":"other","sentiment":"neutral","materiality_score":0.15,"calibrated_materiality_score":0.15,"confidence":"high","headline":"Graco amends credit agreement to replace LIBOR with SOFR benchmark","bullets":["Amendment dated May 23, 2023 replaces LIBOR with SOFR for borrowings under existing $750M credit facility.","All lenders, including U.S. Bank, JPMorgan, Wells Fargo, Bank of America, PNC, and others, consented.","No default or event of default existed before or after the amendment; loan parties reaffirmed obligations.","Notice contact change: Karen Gallivan removed; Joseph J. Humke remains as notice contact."],"urls":{"canonical":"https://secwatch.observer/filing/0000042888-23-000029","json":"https://secwatch.observer/filing/0000042888-23-000029.json","markdown":"https://secwatch.observer/filing/0000042888-23-000029.md","text":"https://secwatch.observer/filing/0000042888-23-000029.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/42888/000004288823000029/0000042888-23-000029-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/42888/000004288823000029/ggg-20230523.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T17:35:27.096027+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":"937e86b57b2036b78ae94780b9d5c72db10ca17b","claim":"GRACO INC amended Amendment No. 1 to Amended and Restated Credit Agreement with U.S. Bank National Association, as administrative agent and a lender, and the other lenders that are parties thereto (effective 2023-05-23).","evidence_excerpt":"On May 23, 2023, Graco Inc. (the “Company”) entered into an Amendment No. 1 to Amended and Restated Credit Agreement (the “Amendment”) that amends its Amended and Restated Credit Agreement, dated as of March 25, 2021, entered into with U.S. Bank National Association, as administrative agent and a lender, and the other lenders that are parties thereto (the “Credit Agreement”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/42888/000004288823000029/0000042888-23-000029-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"U.S. Bank National Association, as administrative agent and a lender, and the other lenders that are parties thereto"},{"label":"Effective","value":"2023-05-23"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}