secwatch.observer — SEC 8-K summary
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Issuer:     KIRBY CORP (KEX)
CIK:        0000056047
Form:       8-K
Filed at:   2022-07-29T23:59:59+00:00
Accession:  0000950170-22-013502
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kirby enters $750M credit facility ($500M revolver + $250M term loan) due 2027
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- New $500M revolving credit facility and $250M term loan, maturity July 29, 2027.
- Current interest rate: 137.5 bps over SOFR or 37.5 bps over Alternate Base Rate.
- Term loan repayable in quarterly installments starting Dec 31, 2022; $43.8M due at maturity.
- Proceeds used to repay $285M outstanding under prior 2024 credit agreement.
- Covenants include interest coverage ratio and debt-to-capitalization ratio.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/56047/000095017022013502/0000950170-22-013502-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/56047/000095017022013502/kex-20220729.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-013502

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