secwatch.observer — SEC 8-K summary
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Issuer:     ALBANY INTERNATIONAL CORP /DE/ (AIN)
CIK:        0000819793
Form:       8-K
Filed at:   2024-07-03T23:59:59+00:00
Accession:  0000819793-24-000040
Event type: debt
Sentiment:  neutral
Materiality: 0.20
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

Albany International amends credit agreement to replace CDO rate with CORRA for CAD borrowings
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- First Amendment to Amended and Restated Credit Agreement dated June 28, 2024, with JPMorgan Chase as Administrative Agent.
- Replaces CDO Rate benchmark for Canadian Dollar borrowings with Adjusted Term CORRA.
- Credit spread adjustments of 0.29547% for one-month and 0.32138% for three-month interest periods.
- Amendment effective immediately; no other material changes to credit agreement terms.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/819793/000081979324000040/0000819793-24-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/819793/000081979324000040/ain-20240628.htm
  HTML page:      https://secwatch.observer/filing/0000819793-24-000040

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