---
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"
generated_at: "2026-06-08T03:00:37.324286+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Seaboard upsizes term loan to $975M, extends maturity to 2033

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000088121-23-000100
- JSON: https://secwatch.observer/filing/0000088121-23-000100.json
- Plain text: https://secwatch.observer/filing/0000088121-23-000100.txt

## Key facts
- Debt Financings
  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.
  - Instrument: term loan
  - Principal: increased from $700,000,000 to $975,000,000 unsecured term loan
  - Counterparty: CoBank, ACB; Farm Credit Services of America, PCA; and the lenders party thereto
  - Rate: Base Rate, Term SOFR Rate, Daily Simple SOFR Rate, or fixed Quoted Rate, with ma
  - Maturity: November 10, 2033
  - Event: amendment
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/88121/000008812123000100/0000088121-23-000100-index.htm

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