secwatch.observer — SEC 8-K summary
======================================

Issuer:     WD 40 CO (WDFC)
CIK:        0000105132
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0000105132-24-000032
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WD-40 enters amended credit facility: revolver cut to $125M, maturity extended to 2029
--------------------------------------------------------------------------------

- Revolving commitment decreased from $150M to $125M; maturity extended to April 30, 2029.
- Interest benchmark for USD borrowings changed from BSBY to SOFR.
- Intercompany loan limit raised to $25M; investment and disposition limits increased; capex restrictions removed.
- Fourth Amendment to Note Purchase Agreement with PGIM permits the new credit facility with conforming changes.
- All other material terms of the prior agreements remain unchanged.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/105132/000010513224000032/0000105132-24-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/105132/000010513224000032/wdfc-20240430.htm
  HTML page:      https://secwatch.observer/filing/0000105132-24-000032

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer