{"schema_version":"secwatch.filing_event.v1","accession":"0000048465-25-000015","form_type":"8-K","ticker":"HRL","cik":"0000048465","company_name":"HORMEL FOODS CORP /DE/","filed_at":"2025-03-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:06.028737+00:00","generated_at":"2026-05-24T05:19:52.472038+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"confidence":"high","headline":"Hormel Foods enters $750M revolving credit facility maturing 2030","bullets":["New $750M unsecured revolving credit facility replaces prior May 2021 facility; includes $375M uncommitted increase option.","Facility matures March 25, 2030; interest margins based on debt ratings: 0.575-1.160% for eurocurrency loans, 0.0-0.160% for base rate loans.","Financial covenant requires minimum consolidated interest coverage ratio of 3.50:1.00 at each fiscal quarter end.","Facility fees range from 0.050% to 0.090% of daily revolving commitment, adjusted by S&P/Moody's ratings.","Proceeds to refinance existing debt, fund working capital, and general corporate purposes including acquisitions."],"urls":{"canonical":"https://secwatch.observer/filing/0000048465-25-000015","json":"https://secwatch.observer/filing/0000048465-25-000015.json","markdown":"https://secwatch.observer/filing/0000048465-25-000015.md","text":"https://secwatch.observer/filing/0000048465-25-000015.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/48465/000004846525000015/0000048465-25-000015-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/48465/000004846525000015/hrl-20250325.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T05:19:52.472038+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}