secwatch.observer — SEC 8-K summary
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Issuer:     ROGERS CORP (ROG)
CIK:        0000084748
Form:       8-K
Filed at:   2023-03-29T23:59:59+00:00
Accession:  0000084748-23-000036
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rogers Corp enters new $450M credit facility extending maturity to 2028
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- Fifth Amended and Restated Credit Agreement provides $450M revolving loans with a $225M expansion feature.
- Maturity extended from March 2024 to March 24, 2028, replacing the 2020 credit agreement.
- Interest rates: SOFR-based loans at 1.625%-2.00% spread; ABR loans at 0.625%-1.00% spread.
- Financial covenants: max total net leverage ratio 3.25x (can elect 3.75x for acquisitions), min interest coverage 3.00x.
- Obligations guaranteed by material domestic subsidiaries; secured by substantially all non-real estate assets.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/84748/000008474823000036/0000084748-23-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/84748/000008474823000036/rog-20230324.htm
  HTML page:      https://secwatch.observer/filing/0000084748-23-000036

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