secwatch.observer — SEC 8-K summary
======================================

Issuer:     DENTSPLY SIRONA Inc. (XRAY)
CIK:        0000818479
Form:       8-K
Filed at:   2023-05-12T23:59:59+00:00
Accession:  0000818479-23-000038
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dentsply Sirona enters $700M revolving credit facility, extends maturity to 2028
--------------------------------------------------------------------------------

- New $700M five-year multicurrency revolving facility expires May 12, 2028, replacing existing $700M facility due July 2024.
- Facility is senior unsecured; interest rates tied to Moody's/S&P ratings with spreads from 0% to 0.225% for ABR loans.
- Covenants require leverage and interest coverage ratios consistent with prior facility; no change in financial covenant levels.
- Proceeds for working capital and general corporate purposes; JPMorgan and Citibank lead arrangers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/818479/000081847923000038/0000818479-23-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/818479/000081847923000038/xray-20230512.htm
  HTML page:      https://secwatch.observer/filing/0000818479-23-000038

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer