secwatch.observer — SEC 8-K summary
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Issuer:     DENTSPLY SIRONA Inc. (XRAY)
CIK:        0000818479
Form:       8-K
Filed at:   2026-10-09T20:16:18+00:00
Accession:  0000818479-26-000278
Event type: debt
Sentiment:  negative
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

DENTSPLY SIRONA amends credit facility and notes to keep leverage covenants in compliance
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- Third Amendment to Credit Agreement (Sept 30, 2026), with JPMorgan Chase as administrative agent, raises max Total and Senior Leverage Ratios for quarters ending Sept 30 and Dec 31, 2026.
- Note Purchase Agreement Amendment No. 5 executed for the 2015, 2016 and 2019 note purchase agreements; incremental interest owed if total leverage ratio meets specified thresholds.
- Until the FY2026 compliance certificate is delivered, new liens and new subsidiary debt are generally prohibited and restricted payments are limited, with carveouts.
- Permits an additional EBITDA addback for certain cash charges in the Sept 30 and Dec 31, 2026 quarters; adds a new pricing level for applicable margin and facility fee.
- Company states revised terms are intended to maintain compliance with debt covenants in all material respects, with quarterly reporting on initiatives and related costs and savings.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/818479/000081847926000278/0000818479-26-000278-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/818479/000081847926000278/xray-20261008.htm
  HTML page:      https://secwatch.observer/filing/0000818479-26-000278

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