secwatch.observer — SEC 8-K summary
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Issuer:     NACCO INDUSTRIES INC (NC)
CIK:        0000789933
Form:       8-K
Filed at:   2022-07-07T23:59:59+00:00
Accession:  0000789933-22-000044
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NACCO subsidiary amends $150M credit facility with ESG pricing tied to MSHA safety targets
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- The North American Coal entered ESG Amendment to $150M secured revolving credit facility on June 30, 2022.
- Pricing adjustments based on achieving MSHA Injury-Incident Rate below industry average.
- If target met, letter of credit fee drops 2.5 bps, base rate spread 2.5 bps, LIBOR spread 2.5 bps, commitment fee 1 bp.
- Other terms of the facility remain unchanged; amendment incorporates ESG pricing provisions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/789933/000078993322000044/0000789933-22-000044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/789933/000078993322000044/nacco-20220630.htm
  HTML page:      https://secwatch.observer/filing/0000789933-22-000044

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