secwatch.observer — SEC 8-K summary
======================================

Issuer:     ENVIRI Corp (NVRI)
CIK:        0000045876
Form:       8-K
Filed at:   2024-09-10T23:59:59+00:00
Accession:  0000045876-24-000052
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Enviri refinances credit facility: $625M new revolver due 2029, leverage covenant step-down to 4.00x
--------------------------------------------------------------------------------

- Entered Amendment No. 14, obtaining $625M new revolving credit commitments maturing Sept 2029; retained $50M existing commitments maturing March 2026.
- Leverage covenant capped at 5.00x stepping down to 4.00x by March 2026.
- Interest margins: new facility 175-225 bps over SOFR; existing facility 150-275 bps over SOFR.
- Company reduced existing revolver by $466.67M and repaid $441.67M concurrently.
- Facility was oversubscribed with multiple arrangers and agents.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/45876/000004587624000052/0000045876-24-000052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/45876/000004587624000052/hsc-20240905.htm
  HTML page:      https://secwatch.observer/filing/0000045876-24-000052

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer