---
schema_version: "secwatch.filing_event.v1"
accession: "0000277638-23-000060"
form_type: "8-K"
ticker: null
cik: "0000277638"
company_name: "DAVEY TREE EXPERT CO"
filed_at: "2023-11-30T23:59:59+00:00"
generated_at: "2026-06-07T20:06:52.768477+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Davey Tree Expert issues $75M 6.19% senior notes due 2028 to PGIM affiliates

## Summary
- Issued $75M principal of 6.19% Senior Notes, Series C, due Nov 28, 2028, to PGIM affiliates.
- Net proceeds for general corporate purposes and to pay down revolving credit facility borrowings.
- Notes rank pari passu with other senior unsecured obligations and guaranteed by four subsidiaries.
- Total outstanding under Note Purchase Agreement reaches $150M, the full capacity.

## SEC filing metadata
- accession: 0000277638-23-000060
- form_type: 8-K
- cik: 0000277638
- company_name: DAVEY TREE EXPERT CO
- filed_at: 2023-11-30T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/277638/000027763823000060/0000277638-23-000060-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/277638/000027763823000060/davey-20231128.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000277638-23-000060
- JSON: https://secwatch.observer/filing/0000277638-23-000060.json
- Plain text: https://secwatch.observer/filing/0000277638-23-000060.txt

## Key facts
- Debt Financings
  DAVEY TREE EXPERT CO incurred senior notes of $75 million with certain affiliates of PGIM, Inc. at 6.19% maturing November 28, 2028.
  - Instrument: senior notes
  - Principal: $75 million
  - Counterparty: certain affiliates of PGIM, Inc.
  - Rate: 6.19%
  - Maturity: November 28, 2028
  - Event: incurrence
  source text: On November 28, 2023, The Davey Tree Expert Company (the "Company") issued 6.19% Senior Notes, Series C, due November 28, 2028, in the aggregate principal amount of $75 million to certain affiliates of PGIM, Inc. (the "Series C Notes").
  evidence_url: https://www.sec.gov/Archives/edgar/data/277638/000027763823000060/0000277638-23-000060-index.htm

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