secwatch.observer — SEC 8-K summary
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Issuer:     Oil-Dri Corp of America (ODC)
CIK:        0000074046
Form:       8-K
Filed at:   2024-10-01T23:59:59+00:00
Accession:  0000074046-24-000054
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Oil-Dri amends credit agreement: revolver increased to $75M, accordion allows additional $50M, term extended to 2029
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- Revolving line raised from $45M to $75M; L/C sublimit increased from $10M to $20M.
- New accordion provision permits up to $50M further increase (max $125M), at BMO's discretion.
- Termination date extended to September 30, 2029 (was earlier date).
- Permitted acquisitions threshold increased from $45M cumulative to $100M.
- Amended credit agreement includes updated financial covenants and conditions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/74046/000007404624000054/0000074046-24-000054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/74046/000007404624000054/odc-20240930.htm
  HTML page:      https://secwatch.observer/filing/0000074046-24-000054

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