secwatch.observer — SEC 8-K summary
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Issuer:     PATRICK INDUSTRIES INC (PATK)
CIK:        0000076605
Form:       8-K
Filed at:   2024-10-11T23:59:59+00:00
Accession:  0000076605-24-000175
Event type: debt
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Patrick Industries prices $500M 6.375% senior notes due 2032, upsized from $400M
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- Upsized private offering of $500M 6.375% Senior Notes due 2032, increasing from previously announced $400M.
- Proceeds to redeem $300M of 7.500% Senior Notes due 2027 and repay a portion of credit facility borrowings.
- Plans to amend existing $925M credit facility into new $1.0B facility with maturity extended to October 2029.
- Offering expected to close on or about October 22, 2024, subject to customary closing conditions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/76605/000007660524000175/0000076605-24-000175-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/76605/000007660524000175/patk-20241007.htm
  HTML page:      https://secwatch.observer/filing/0000076605-24-000175

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