secwatch.observer — SEC 8-K summary
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Issuer:     ALAMO GROUP INC (ALG)
CIK:        0000897077
Form:       8-K
Filed at:   2022-10-31T23:59:59+00:00
Accession:  0000897077-22-000114
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Alamo Group enters $655M credit facility, borrows $255M term loan
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- New credit facility: $255M term loan and $400M revolver, expiring October 2027.
- Term loan requires quarterly principal payments of $3.75M over five years.
- Interest at SOFR + 1.25%-2.50% or Base Rate + 0.25%-1.50%, based on leverage.
- Covenants include max consolidated leverage ratio and min fixed charge coverage.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/897077/000089707722000114/0000897077-22-000114-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/897077/000089707722000114/alg-20221031.htm
  HTML page:      https://secwatch.observer/filing/0000897077-22-000114

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