secwatch.observer — SEC 8-K summary
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Issuer:     TYSON FOODS, INC. (TSN)
CIK:        0000100493
Form:       8-K
Filed at:   2024-06-28T23:59:59+00:00
Accession:  0000100493-24-000091
Event type: debt
Sentiment:  positive
Materiality: 0.35
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tyson Foods reduces interest spread on $750M term loan via amendment
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- Amended and restated Term Loan Agreement effective June 26, 2024, with Bank of America as agent.
- New interest rate: Term SOFR + 1.05% per annum (was higher).
- Alternate Base Rate loan spread reduced to 0.05% per annum.
- Outstanding principal of $750M; no other material changes to covenants or terms.
- Total commitment under new agreement is $0 (no new borrowing capacity).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/100493/000010049324000091/0000100493-24-000091-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/100493/000010049324000091/tsn-20240626.htm
  HTML page:      https://secwatch.observer/filing/0000100493-24-000091

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