secwatch.observer — SEC 8-K summary
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Issuer:     CINTAS CORP (CTAS)
CIK:        0000723254
Form:       8-K
Filed at:   2026-03-31T23:59:59+00:00
Accession:  0000723254-26-000010
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cintas enters new $2B revolving credit facility maturing 2031; replaces existing facility
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- New $2.0B revolving credit facility matures March 27, 2031; replaces existing facility dated March 23, 2022.
- Facility includes $300M letter of credit sub-facility and $150M swing line sub-facility.
- Loans priced at Term SOFR plus margin of 70-114 bps or Base Rate; financial covenant requires leverage ratio ≤3.50x.
- Credit agreement includes conditions for 'Bruin Acquisition Loans', indicating potential acquisition financing.
- Borrower is wholly-owned subsidiary Cintas Corp No. 2; obligations guaranteed by parent and material domestic subsidiaries.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/723254/000072325426000010/0000723254-26-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/723254/000072325426000010/ctas-20260327.htm
  HTML page:      https://secwatch.observer/filing/0000723254-26-000010

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