secwatch.observer — SEC 8-K summary
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Issuer:     Mastercard Inc (MA)
CIK:        0001141391
Form:       8-K
Filed at:   2022-11-14T23:59:59+00:00
Accession:  0000950103-22-019608
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

Mastercard enters new $8B, 5-year revolving credit facility, up from $6B
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- New $8.0B revolving credit facility matures Nov 10, 2027; amends prior $6.0B facility.
- Borrowings available in USD and Euros; interest based on SOFR plus margin tied to credit rating.
- Restrictive covenants limit liens, mergers, asset sales, affiliate transactions; customary defaults.
- Majority of lenders are customers or affiliates of Mastercard's operating subsidiary.
- Facility provides increased borrowing capacity for general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1141391/000095010322019608/0000950103-22-019608-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1141391/000095010322019608/dp184177_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-22-019608

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