{"schema_version":"secwatch.filing_event.v1","accession":"0000088121-23-000100","form_type":"8-K","ticker":"SEB","cik":"0000088121","company_name":"SEABOARD CORP /DE/","filed_at":"2023-11-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.229120+00:00","generated_at":"2026-06-08T03:00:37.324286+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Seaboard upsizes term loan to $975M, extends maturity to 2033","bullets":["Seaboard Foods LLC increased its unsecured term loan from $700M to $975M.","New credit agreement matures November 10, 2033, with annual principal amortization of about 1%.","Interest rate options include Base Rate, Term SOFR, Daily Simple SOFR, or Quoted Rate.","Covenants include max debt-to-capitalization ratio and minimum tangible net worth; mandatory prepayments on equity issuances and asset sales.","Seaboard Corporation guarantees all obligations of Seaboard Foods under the agreement."],"urls":{"canonical":"https://secwatch.observer/filing/0000088121-23-000100","json":"https://secwatch.observer/filing/0000088121-23-000100.json","markdown":"https://secwatch.observer/filing/0000088121-23-000100.md","text":"https://secwatch.observer/filing/0000088121-23-000100.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/88121/000008812123000100/0000088121-23-000100-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/88121/000008812123000100/seb-20231110x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T03:00:37.324286+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"188d3eee564bf8978e458acef34726511be68deb","claim":"SEABOARD CORP /DE/ amended term loan of increased from $700,000,000 to $975,000,000 unsecured term loan with CoBank, ACB; Farm Credit Services of America, PCA; and the lenders party thereto at Base Rate, Term SOFR Rate, Daily Simple SOFR Rate, or fixed Quoted Rate, with ma maturing November 10, 2033.","evidence_excerpt":"The Credit Agreement amended and restated the Amended and Restated Term Loan Credit Agreement dated September 25, 2018 to, among other things, increase Seaboard Foods’ existing $700,000,000 unsecured term loan under the prior agreement to a new $975,000,000 unsecured term loan (“Term Loan”) and extend the maturity date thereunder.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/88121/000008812123000100/0000088121-23-000100-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"increased from $700,000,000 to $975,000,000 unsecured term loan"},{"label":"Counterparty","value":"CoBank, ACB; Farm Credit Services of America, PCA; and the lenders party thereto"},{"label":"Rate","value":"Base Rate, Term SOFR Rate, Daily Simple SOFR Rate, or fixed Quoted Rate, with ma"},{"label":"Maturity","value":"November 10, 2033"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}