secwatch.observer — SEC 8-K summary
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Issuer:     COOPER COMPANIES, INC. (COO)
CIK:        0000711404
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0000711404-24-000024
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cooper Companies enters $2.3B revolving credit facility, terminates prior facility
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- New $2.3B multicurrency revolver with $1B sublimit for non-USD borrowings, maturing May 1, 2029.
- Initial pricing: ABR loans +12.5bps; SOFR loans +112.5bps; grid adjusts based on leverage or debt rating.
- Commitment fee ranges from 0.10% to 0.20% of unused portion; facility is unsecured and guaranteed by domestic subs.
- Entered Amendment No. 2 to 2021 Term Loan Agreement conforming certain provisions; terminated 2020 Credit Agreement on May 1, 2024.
- Company may increase facility or add term loans up to greater of $1.15B or 100% consolidated EBITDA.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/711404/000071140424000024/0000711404-24-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/711404/000071140424000024/coo-20240501.htm
  HTML page:      https://secwatch.observer/filing/0000711404-24-000024

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