---
schema_version: "secwatch.filing_event.v1"
accession: "0000076605-24-000177"
form_type: "8-K"
ticker: "PATK"
cik: "0000076605"
company_name: "PATRICK INDUSTRIES INC"
filed_at: "2024-10-28T23:59:59+00:00"
generated_at: "2026-05-30T09:52:39.525849+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Patrick Industries closes $500M 6.375% Senior Notes offering and $1.0B credit facility; refinances higher-rate debt

## Summary
- Issued $500M of 6.375% Senior Notes due Nov 2032 at par; net proceeds used to redeem $300M of 7.500% Notes due 2027.
- Entered new $1.0B credit facility ($875M revolver + $125M term loan) maturing Oct 2029, replacing prior facility due Aug 2027.
- New credit facility reduces interest cost vs. 7.5% notes and extends debt maturity profile.
- Supplemental indentures added certain domestic subsidiaries as guarantors under existing notes.

## SEC filing metadata
- accession: 0000076605-24-000177
- form_type: 8-K
- ticker: PATK
- cik: 0000076605
- company_name: PATRICK INDUSTRIES INC
- filed_at: 2024-10-28T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/76605/000007660524000177/0000076605-24-000177-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/76605/000007660524000177/patk-20241022.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000076605-24-000177
- JSON: https://secwatch.observer/filing/0000076605-24-000177.json
- Plain text: https://secwatch.observer/filing/0000076605-24-000177.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.