secwatch.observer — SEC 8-K summary
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Issuer:     W.W. GRAINGER, INC. (GWW)
CIK:        0000277135
Form:       8-K
Filed at:   2022-08-30T23:59:59+00:00
Accession:  0000277135-22-000034
Event type: debt
Sentiment:  neutral
Materiality: 0.15
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Grainger amends credit agreement to replace LIBOR with alternative rates like SOFR
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- First Amendment to Credit Agreement changes benchmark rates from LIBOR to SOFR, EURIBOR, CDOR, and SONIA.
- Existing $1.25B revolving credit facility remains unchanged; no increase or reduction in commitments.
- No default occurred; representations and warranties reaffirmed as of August 29, 2022.
- Amendment executed by Company, JPMorgan as admin agent, and multiple lenders including Bank of America, Citibank.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/277135/000027713522000034/0000277135-22-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/277135/000027713522000034/gww-20220829.htm
  HTML page:      https://secwatch.observer/filing/0000277135-22-000034

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