{"schema_version":"secwatch.filing_event.v1","accession":"0000930413-23-001421","form_type":"8-K","ticker":"HXL","cik":"0000717605","company_name":"HEXCEL CORP /DE/","filed_at":"2023-04-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.039953+00:00","generated_at":"2026-06-16T07:01:06.166619+00:00","sec_items":["1.01","1.02","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Hexcel enters new $750M credit facility, borrows $60M to repay existing facility","bullets":["New $750M revolving credit facility matures April 25, 2028; replaced facility that was to expire June 20, 2024.","$60M borrowed on April 25, 2023 to repay all amounts under the terminated credit facility and pay fees.","No early termination penalties incurred.","Interest rate initially SOFR + 1.125% for SOFR loans; margin may fluctuate based on debt rating or leverage ratio.","Financial covenants include minimum interest coverage and max consolidated net leverage ratio; facility can be increased by up to $500M."],"urls":{"canonical":"https://secwatch.observer/filing/0000930413-23-001421","json":"https://secwatch.observer/filing/0000930413-23-001421.json","markdown":"https://secwatch.observer/filing/0000930413-23-001421.md","text":"https://secwatch.observer/filing/0000930413-23-001421.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/717605/000093041323001421/0000930413-23-001421-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/717605/000093041323001421/c106287_8k-ixbrl.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T07:01:06.166619+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0e42590feaaee4755a06d475f4094785b48466c6","claim":"HEXCEL CORP /DE/ entered into Credit Agreement with Citizens Bank, N.A., as administrative agent for the lenders, and the other institutions party thereto valued at $750 million (effective 2023-04-25).","evidence_excerpt":"On April 25, 2023, Hexcel Corporation (\"Hexcel\") entered into a new credit agreement (the \"Credit Agreement\") governing its $750 million revolving credit facility (the \"Revolver\"), which matures on April 25, 2028.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/717605/000093041323001421/0000930413-23-001421-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Citizens Bank, N.A., as administrative agent for the lenders, and the other institutions party thereto"},{"label":"Value","value":"$750 million"},{"label":"Effective","value":"2023-04-25"}],"fact_type":"material_agreement"},{"claim_id":"b6b51e8ff76eb8adf53813779dee9c9b58c5ee37","claim":"HEXCEL CORP /DE/ terminated Terminated Credit Facility with Citizens Bank, N.A., as administrative agent for the lenders, and the other institutions party thereto (effective 2023-04-25).","evidence_excerpt":"On April 25, 2023, Hexcel borrowed $60 million under the Credit Agreement, the proceeds of which were used to repay all amounts, and terminate all commitments, outstanding under the existing credit agreement","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/717605/000093041323001421/0000930413-23-001421-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Citizens Bank, N.A., as administrative agent for the lenders, and the other institutions party thereto"},{"label":"Effective","value":"2023-04-25"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}