secwatch.observer — SEC 8-K summary
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Issuer:     TRACTOR SUPPLY CO /DE/ (TSCO)
CIK:        0000916365
Form:       8-K
Filed at:   2022-10-05T23:59:59+00:00
Accession:  0000916365-22-000097
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tractor Supply enters $1.2B senior credit facility, amends note purchase agreement
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- New $1.2B unsecured revolving credit facility replaces existing facilities; proceeds used to pay off prior debt.
- Facility matures in five years with two one-year extension options; initial SOFR margin of 1.000%.
- Covenants include fixed charge coverage ratio >= 2.00x and leverage ratio <= 4.00x.
- Also amended Note Purchase and Private Shelf Agreement to allow up to $150M in additional senior unsecured notes through November 2023.
- Wells Fargo serves as Administrative Agent; co-syndication agents are Regions Bank and Fifth Third Bank.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/916365/000091636522000097/0000916365-22-000097-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/916365/000091636522000097/tsco-20221005.htm
  HTML page:      https://secwatch.observer/filing/0000916365-22-000097

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