---
schema_version: "secwatch.filing_event.v1"
accession: "0000105770-26-000114"
form_type: "8-K"
ticker: "WST"
cik: "0000105770"
company_name: "WEST PHARMACEUTICAL SERVICES INC"
filed_at: "2026-10-26T21:14:47+00:00"
generated_at: "2026-10-26T21:16:07.384443+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# West Pharmaceutical replaces 2019 credit facility with new $750M revolver and $200M term loan

## Summary
- New $750M revolver and $200M term loan under a five-year credit agreement dated Oct 26, 2026; $130M outstanding under the 2019 facility repaid in full and terminated, no early termination penalties.
- Term loan has quarterly amortization starting March 31, 2028 of $1.25M-$2.5M, balance due at maturity; sublimits of $50M for letters of credit and $90M for swing line loans.
- Pricing scales with Net Leverage Ratio: term SOFR margin 1.000%-1.500% on revolver loans, 1.125%-1.750% on term loans; commitment fee 0.125%-0.225% on unused revolver.
- Covenant caps Net Leverage Ratio at 3.50x, stepping to 4.00x during material acquisition periods; borrowings unsecured with no subsidiary guarantors as of closing.
- Proceeds earmarked for working capital, capex, permitted acquisitions, stock repurchases and debt repayment; optional currencies include euros, yen and Singapore dollars.

## SEC filing metadata
- accession: 0000105770-26-000114
- form_type: 8-K
- ticker: WST
- cik: 0000105770
- company_name: WEST PHARMACEUTICAL SERVICES INC
- filed_at: 2026-10-26T21:14:47+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 2.03, 1.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/105770/000010577026000114/0000105770-26-000114-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/105770/000010577026000114/wst-20261026.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000105770-26-000114
- JSON: https://secwatch.observer/filing/0000105770-26-000114.json
- Plain text: https://secwatch.observer/filing/0000105770-26-000114.txt

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