secwatch.observer — SEC 8-K summary
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Issuer:     AGCO CORP /DE (AGCO)
CIK:        0000880266
Form:       8-K
Filed at:   2022-12-21T23:59:59+00:00
Accession:  0000880266-22-000051
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AGCO enters $1.25B unsecured revolving credit facility, up from $800M, maturing 2027
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- New $1.25B unsecured revolving credit facility replaces prior $800M facility, adds $450M capacity.
- Facility includes $325M USD-only tranche and $925M multi-currency tranche.
- Matures December 19, 2027; interest based on SOFR/EURIBOR plus margins tied to credit rating.
- Initial borrowing used to retire $240M short-term facility due March 2023.
- Covenants include total debt/EBITDA ratio and interest coverage ratio.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/880266/000088026622000051/0000880266-22-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/880266/000088026622000051/agco-20221219.htm
  HTML page:      https://secwatch.observer/filing/0000880266-22-000051

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