secwatch.observer — SEC 8-K summary
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Issuer:     HELEN OF TROY LTD (HELE)
CIK:        0000916789
Form:       8-K
Filed at:   2025-11-25T23:59:59+00:00
Accession:  0000916789-25-000110
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Helen of Troy amends credit facility: revolver cut to $750M, leverage holiday extended
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- Revolver commitment reduced from $1.0B to $750.0M; CFO says no near-term borrowing capacity limitation.
- Added interest margin tier at ≥4.00x net leverage: Base Rate +1.375% or Term SOFR +2.375% plus 0.10% credit spread.
- Leverage ratio covenant amended with stepped maximums: 4.50x through Aug 2026, stepping down to 3.50x after Aug 2027.
- Interest coverage ratio numerator changed from Consolidated EBIT to Consolidated EBITDA.
- Certain investment and debt baskets reduced until August 31, 2027.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/916789/000091678925000110/0000916789-25-000110-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/916789/000091678925000110/hele-20251125.htm
  HTML page:      https://secwatch.observer/filing/0000916789-25-000110

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer