secwatch.observer — SEC 8-K summary
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Issuer:     GRACO INC (GGG)
CIK:        0000042888
Form:       8-K
Filed at:   2023-06-08T23:59:59+00:00
Accession:  0000042888-23-000033
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/42888/000004288823000033/0000042888-23-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/42888/000004288823000033/ggg-20230608.htm
  HTML page:      https://secwatch.observer/filing/0000042888-23-000033

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