{"schema_version":"secwatch.filing_event.v1","accession":"0000091440-23-000029","form_type":"8-K","ticker":"SNA","cik":"0000091440","company_name":"Snap-on Inc","filed_at":"2023-09-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.010408+00:00","generated_at":"2026-06-10T19:48:10.177984+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":"Snap-on enters new $900M credit facility, replacing $800M prior facility","bullets":["Five-year $900M multi-currency revolving credit facility, matures September 12, 2028.","Accordion feature allows up to $450M increase in commitments with lender approval.","Pricing based on SOFR plus 58-102.5 bps; facility fees 4.5-10 bps.","Covenants include leverage ratio ≤0.60x or net debt/EBITDA ≤3.50x.","No amounts outstanding at signing; replaces prior $800M facility due 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0000091440-23-000029","json":"https://secwatch.observer/filing/0000091440-23-000029.json","markdown":"https://secwatch.observer/filing/0000091440-23-000029.md","text":"https://secwatch.observer/filing/0000091440-23-000029.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/91440/000009144023000029/0000091440-23-000029-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/91440/000009144023000029/sna-20230912.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T19:48:10.177984+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":"b397f6282822304bfc9bc8bd49edc20ad892808d","claim":"Snap-on Inc amended revolving credit of $900 million with JPMorgan Chase Bank, N.A., Citibank, N.A. and U.S. Bank National Association at Adjusted Term Secured Overnight Financing Rate (SOFR) plus a spread ranging from maturing September 12, 2028.","evidence_excerpt":"On September 12, 2023, Snap-on Incorporated (“Snap-on”) entered into a five-year, $900 million multi-currency revolving credit facility that terminates on September 12, 2028 (the “New Facility”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/91440/000009144023000029/0000091440-23-000029-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$900 million"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., Citibank, N.A. and U.S. Bank National Association"},{"label":"Rate","value":"Adjusted Term Secured Overnight Financing Rate (SOFR) plus a spread ranging from"},{"label":"Maturity","value":"September 12, 2028"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"20ee31efab50ed978a9616d0498e3b2e0f79da8a","claim":"Snap-on Inc entered into Fourth Amended and Restated Five Year Credit Agreement with each lender and agent listed on the signature pages thereof valued at $900 million multi-currency revolving credit facility (effective 2023-09-12).","evidence_excerpt":"On September 12, 2023, Snap-on Incorporated (“Snap-on”) entered into a five-year, $900 million multi-currency revolving credit facility that terminates on September 12, 2028 (the “New Facility”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/91440/000009144023000029/0000091440-23-000029-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"each lender and agent listed on the signature pages thereof"},{"label":"Value","value":"$900 million multi-currency revolving credit facility"},{"label":"Effective","value":"2023-09-12"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}