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

Issuer:     DAVEY TREE EXPERT CO (—)
CIK:        0000277638
Form:       8-K
Filed at:   2023-11-30T23:59:59+00:00
Accession:  0000277638-23-000060
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/277638/000027763823000060/0000277638-23-000060-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/277638/000027763823000060/davey-20231128.htm
  HTML page:      https://secwatch.observer/filing/0000277638-23-000060

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