secwatch.observer — SEC 8-K summary
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Issuer:     NACCO INDUSTRIES INC (NC)
CIK:        0000789933
Form:       8-K
Filed at:   2024-09-19T23:59:59+00:00
Accession:  0000789933-24-000050
Event type: debt
Sentiment:  positive
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NACCO subsidiary expands revolving credit facility to $200M, extends to 2028
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- Revolver increased from $150M to $200M; maturity extended to September 16, 2028.
- Interest rate margin based on leverage ratio (2.50%-3.00% for SOFR loans).
- New guarantor Crossbow Energy Partners, LLC added; two subsidiaries removed as guarantors.
- Amended Credit Agreement maintains leverage covenant ≤2.75x and interest coverage ≥4.00x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/789933/000078993324000050/0000789933-24-000050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/789933/000078993324000050/nacco-20240917.htm
  HTML page:      https://secwatch.observer/filing/0000789933-24-000050

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