secwatch.observer — SEC 8-K summary
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Issuer:     DENTSPLY SIRONA Inc. (XRAY)
CIK:        0000818479
Form:       8-K
Filed at:   2025-12-31T23:59:59+00:00
Accession:  0000818479-25-000300
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dentsply Sirona amends debt covenants; new leverage ratios step down to 3.50x, restricts dividends
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- New Total Leverage Ratio covenant: cannot exceed 4.25x (Q4 2025–Q2 2026) stepping down to 3.50x (Q3 2027+).
- New Senior Leverage Ratio covenant: cannot exceed 3.25x (same period) stepping down to 2.50x (Q3 2027+).
- Restricted Payments (dividends, buybacks) prohibited subject to specified exceptions.
- EBITDA addback cap for efficiency initiatives: up to $75M aggregate for Q4 2025 through Q4 2026.
- Interest rate adjustments triggered if total leverage ratio exceeds specified thresholds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/818479/000081847925000300/0000818479-25-000300-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/818479/000081847925000300/xray-20251224.htm
  HTML page:      https://secwatch.observer/filing/0000818479-25-000300

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