secwatch.observer — SEC 8-K summary
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Issuer:     GIBRALTAR INDUSTRIES, INC. (ROCK)
CIK:        0000912562
Form:       8-K
Filed at:   2022-12-09T23:59:59+00:00
Accession:  0000912562-22-000046
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 1.02, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gibraltar Industries closes new $400M revolving credit facility due Dec 2027
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- New $400M revolving credit facility closed Dec 8, 2022, maturing Dec 8, 2027.
- Option to increase facility by up to $300M (to $700M total) subject to conditions.
- Replaces existing $400M facility that was set to mature Jan 2024; no prepayment penalties.
- Proceeds used to refinance existing debt; facility supports M&A, share buybacks, general corporate purposes.
- Interest rate initially SOFR + 1.125% or base rate + 0.125%, subject to leverage-based grid.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/912562/000091256222000046/0000912562-22-000046-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912562/000091256222000046/rock-20221209.htm
  HTML page:      https://secwatch.observer/filing/0000912562-22-000046

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