---
schema_version: "secwatch.filing_event.v1"
accession: "0000066570-23-000032"
form_type: "8-K"
ticker: "MSA"
cik: "0000066570"
company_name: "MSA Safety Inc"
filed_at: "2023-07-05T23:59:59+00:00"
generated_at: "2026-06-13T12:55:51.097742+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# MSA Safety issues $50M of 5.25% Series B Senior Notes due 2028, repays revolver

## Summary
- Issued $50M of 5.25% Series B Senior Notes due July 1, 2028; interest payable semi-annually.
- Proceeds used to repay equivalent amount under existing revolving credit facility with PNC Bank.
- Notes require $25M principal payment on July 1, 2027, with remaining $25M due at maturity; callable at make-whole.
- Covenants: min fixed charge coverage 1.50x, max leverage 3.75x (2023) then 3.50x; 4.00x during acquisition periods.
- Change of control (50%+ voting stock) triggers make-whole prepayment offer on outstanding Notes.

## SEC filing metadata
- accession: 0000066570-23-000032
- form_type: 8-K
- ticker: MSA
- cik: 0000066570
- company_name: MSA Safety Inc
- filed_at: 2023-07-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/66570/000006657023000032/0000066570-23-000032-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/66570/000006657023000032/msa-20230705.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000066570-23-000032
- JSON: https://secwatch.observer/filing/0000066570-23-000032.json
- Plain text: https://secwatch.observer/filing/0000066570-23-000032.txt

## Key facts
- Debt Financings
  MSA Safety Inc incurred senior notes of $50 million with NYL Investors LLC and the purchasers of notes named therein at 5.25% per annum maturing July 1, 2028.
  - Instrument: senior notes
  - Principal: $50 million
  - Counterparty: NYL Investors LLC and the purchasers of notes named therein
  - Rate: 5.25% per annum
  - Maturity: July 1, 2028
  - Event: incurrence
  source text: On June 29, 2023, MSA Safety Incorporated (the “Company”) issued $50 million of its 5.25% Series B Senior Notes due July 1, 2028
  evidence_url: https://www.sec.gov/Archives/edgar/data/66570/000006657023000032/0000066570-23-000032-index.htm

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