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

Issuer:     Oil-Dri Corp of America (ODC)
CIK:        0000074046
Form:       8-K
Filed at:   2021-12-17T23:59:59+00:00
Accession:  0000074046-21-000119
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Oil-Dri issues $25M 3.25% Series C Senior Notes due 2031; adds leverage-based fee
--------------------------------------------------------------------------------

- Issued $25M in Series C Senior Notes at 3.25% annual rate, maturing December 16, 2031.
- Proceeds to be used for general corporate purposes.
- Excess leverage fee: 0.25% if Net Leverage Ratio >=2.00x; 1.00% if >2.50x.
- Amendment to Note Agreement with PGIM, effective December 16, 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/74046/000007404621000119/0000074046-21-000119-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/74046/000007404621000119/odc-20211216.htm
  HTML page:      https://secwatch.observer/filing/0000074046-21-000119

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