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

Issuer:     Spectrum Brands Holdings, Inc. (SPB)
CIK:        0000109177
Form:       8-K
Filed at:   2023-10-20T23:59:59+00:00
Accession:  0000109177-23-000044
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Spectrum Brands enters $500M revolving credit facility maturing Oct 2028
------------------------------------------------------------------------

- Credit agreement provides $400M USD tranche and $100M multicurrency tranche.
- Maturity extended to October 19, 2028; proceeds for general corporate purposes.
- Financial covenant limits total net leverage ratio to 6.00:1.00 tested quarterly.
- Refinances prior credit facility; no mandatory prepayment except for over-exposure.
- Interest rate margins range from 0.00%–2.00% based on leverage ratio.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/109177/000010917723000044/0000109177-23-000044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/109177/000010917723000044/spb-20231019.htm
  HTML page:      https://secwatch.observer/filing/0000109177-23-000044

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