secwatch / observer
8-K filed May 1, 2024, 7:59 PM ET ticker ODC CIK 0000074046
M&A confidence high sentiment positive materiality 0.75

Oil-Dri Corp of America (ODC): M&A transaction — Oil-Dri closes $46M acquisition of Ultra Pet, expands into crystal cat litter

Oil-Dri Corp of America

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Oil-Dri Corp of America incurred senior notes of $10 million in aggregate principal amount with PGIM, Inc. at 6.47% maturing April 30, 2033.

Instrument
senior notes
Principal
$10 million in aggregate principal amount
Counterparty
PGIM, Inc.
Rate
6.47%
Maturity
April 30, 2033
Event
incurrence
Exact text from the filing
issuance of $10 million in aggregate principal amount of 6.47% Series D Senior Notes due April 30, 2033 pursuant to the shelf facility provisions of the Company’s existing Amended and Restated Note Purchase and Private Shelf Agreement, as amended, with PGIM, Inc.
View on SEC.gov
Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Oil-Dri Corp of America incurred credit facility of $10 million advance with BMO Bank N.A..

Instrument
credit facility
Principal
$10 million advance
Counterparty
BMO Bank N.A.
Event
incurrence
Exact text from the filing
A portion of the Purchase Price was financed through a $10 million advance under the Company’s existing credit facility, as amended, with BMO Bank N.A.
View on SEC.gov
M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Oil-Dri Corp of America completed an acquisition involving Ultra Pet, LLC for approximately $46 million (closed 2024-05-01).

Action
acquisition
Counterparty
Ultra Pet, LLC
Consideration
approximately $46 million
Closing
2024-05-01
Exact text from the filing
On May 1, 2024, the Company completed the Transaction and acquired the Shares. At the closing of the Transaction (the “Closing”), the Company paid Seller an aggregate cash consideration of approximately $46 million
View on SEC.gov

312 debt financings filed in the last 30 days. Browse all debt financings →

Oil-Dri Corp of America filing history →

Source: SEC EDGAR
accession 0000074046-24-000033
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