secwatch.observer — SEC 8-K summary
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Issuer:     HELEN OF TROY LTD (HELE)
CIK:        0000916789
Form:       8-K
Filed at:   2024-02-20T23:59:59+00:00
Accession:  0000916789-24-000007
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Helen of Troy enters new $1.5B credit facility, replaces prior $1.25B revolver
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- New Credit Agreement provides $1.0B revolver, $250M initial term loan (drawn), $250M delayed draw term loan, matures Feb 15, 2029.
- Proceeds from initial term loan used to refinance ~$242.2M outstanding under prior agreement; no early termination penalties.
- Accordion feature allows commitment increases up to fixed incremental amount plus unlimited if leverage ratio ≤3.25x.
- Financial covenants include max leverage ratio and min interest coverage ratio; interest based on Term SOFR plus 1.0%-2.125%.
- Prior $1.25B credit agreement terminated in connection with the new facility.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/916789/000091678924000007/0000916789-24-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/916789/000091678924000007/hele-20240215.htm
  HTML page:      https://secwatch.observer/filing/0000916789-24-000007

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