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

Issuer:     DENTSPLY SIRONA Inc. (XRAY)
CIK:        0000818479
Form:       8-K
Filed at:   2025-03-19T23:59:59+00:00
Accession:  0000818479-25-000042
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dentsply Sirona enters $435M bridge loan agreement, borrows full amount to repay commercial paper
--------------------------------------------------------------------------------

- Bridge loan facility of $435M, 364-day maturity, borrowed in full at closing on March 19, 2025.
- Proceeds to repay outstanding commercial paper and for general corporate purposes.
- Interest rate: Term SOFR plus 0.875%-1.375% margin based on credit rating, with step-ups after 90, 180, and 270 days.
- Duration fees of 0.50%, 0.75%, and 1.00% payable if principal remains outstanding after 90, 180, and 270 days.
- Covenants include leverage and interest coverage ratios; mandatory prepayment on debt/equity issuances or asset sales.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/818479/000081847925000042/0000818479-25-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/818479/000081847925000042/xray-20250319.htm
  HTML page:      https://secwatch.observer/filing/0000818479-25-000042

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