secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN WOODMARK CORP (AMWD)
CIK:        0000794619
Form:       8-K
Filed at:   2024-10-15T23:59:59+00:00
Accession:  0000794619-24-000092
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

American Woodmark refinances with $500M revolver and $200M term loan due Oct 2029
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- Entered into new $500M revolving and $200M term loan facilities, both maturing Oct 10, 2029.
- Borrowed $200M term loan and ~$173M revolver to repay ~$370M existing debt plus fees.
- Interest on new loans: base rate + 0.25% or Term SOFR + 1.25% initial margins.
- Financial covenants: interest coverage ratio >=2.00x and total net leverage <=4.00x (4.50x post-acquisition).
- Quarterly commitment fee on unused revolver at 0.20% per annum initial rate.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/794619/000079461924000092/0000794619-24-000092-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/794619/000079461924000092/amwd-20241010.htm
  HTML page:      https://secwatch.observer/filing/0000794619-24-000092

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