secwatch.observer — SEC 8-K summary
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Issuer:     JOHN WILEY & SONS, INC. (WLY)
CIK:        0000107140
Form:       8-K
Filed at:   2022-12-06T23:59:59+00:00
Accession:  0000107140-22-000088
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wiley extends $1.315B credit facility to Nov 2027; switches to SOFR, adds Hindawi as guarantor
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- Extended $1.315B of credit commitments to November 2027; $185M maintained to May 2024.
- Interest rate benchmark changed from LIBOR to SOFR with applicable adjustments.
- Added Hindawi Limited as a new guarantor under the Foreign Subsidiary Guaranty.
- Modified financial covenants including Consolidated Net Leverage and Interest Coverage ratios.
- New lenders joined; existing lenders extended commitments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/107140/000010714022000088/0000107140-22-000088-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/107140/000010714022000088/jwa-20221130.htm
  HTML page:      https://secwatch.observer/filing/0000107140-22-000088

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