secwatch.observer — SEC 8-K summary
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Issuer:     PATRICK INDUSTRIES INC (PATK)
CIK:        0000076605
Form:       8-K
Filed at:   2024-10-07T23:59:59+00:00
Accession:  0000076605-24-000171
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Patrick Industries to offer $400M Senior Notes due 2032 to refinance debt
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- Intends to offer $400M aggregate principal amount of Senior Notes due 2032 (rate TBD).
- Proceeds to redeem $300M of 7.500% Senior Notes due 2027, repay revolver, and pay fees.
- Concurrently plans to amend credit facility to $1.0B ($875M revolver + $125M term loan) maturing Oct 2029.
- Notes offered in private placement under Rule 144A/Reg S, not registered under Securities Act.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/76605/000007660524000171/0000076605-24-000171-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/76605/000007660524000171/patk-20241007.htm
  HTML page:      https://secwatch.observer/filing/0000076605-24-000171

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