---
schema_version: "secwatch.filing_event.v1"
accession: "0000042888-23-000033"
form_type: "8-K"
ticker: "GGG"
cik: "0000042888"
company_name: "GRACO INC"
filed_at: "2023-06-08T23:59:59+00:00"
generated_at: "2026-06-14T05:21:38.679279+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Graco amends credit agreement: revolver increased to $750M, accordion to $375M

## Summary
- Revolver commitment raised from $500M to $750M; multicurrency sublimit from $200M to $375M.
- Accordion feature expanded from $250M to $375M for future increases in commitments or term loans.
- Applicable margin on base-rate loans raised to 0.125%-0.875% (previously 0.000%-0.750%).
- Significant acquisition before Dec 31, 2023 triggers further margin and facility-fee increases.
- Amendment effective June 8, 2023; lenders include U.S. Bank, JPMorgan, Wells Fargo, BofA, PNC, ING, Northern Trust.

## SEC filing metadata
- accession: 0000042888-23-000033
- form_type: 8-K
- ticker: GGG
- cik: 0000042888
- company_name: GRACO INC
- filed_at: 2023-06-08T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/42888/000004288823000033/0000042888-23-000033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/42888/000004288823000033/ggg-20230608.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000042888-23-000033
- JSON: https://secwatch.observer/filing/0000042888-23-000033.json
- Plain text: https://secwatch.observer/filing/0000042888-23-000033.txt

## Key facts
- Material Agreements
  GRACO INC amended Amendment No. 2 to Amended and Restated Credit Agreement with U.S. Bank National Association, as administrative agent and a lender, and the other lenders (effective 2023-06-08).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: U.S. Bank National Association, as administrative agent and a lender, and the other lenders
  - Effective: 2023-06-08
  source text: On June 8, 2023, Graco Inc. (the “Company”) entered into an Amendment No. 2 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 (as previously amended, restated, supplemented, or otherwise modified, the “Credit Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/42888/000004288823000033/0000042888-23-000033-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.