secwatch.observer — SEC 8-K summary
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Issuer:     MYERS INDUSTRIES INC (MYE)
CIK:        0000069488
Form:       8-K
Filed at:   2022-10-04T23:59:59+00:00
Accession:  0000950170-22-019269
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Myers Industries enters $250M revolver, ups dividend capacity to $22M
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- New $250M revolving credit facility with JPMorgan as agent; used to repay existing revolver.
- Interest rate spreads: Term SOFR/EURIBOR/CDOR + 1.025%-1.600%; ABR + 0.025%-0.60%.
- Amended Note Purchase Agreement to increase restricted payment (dividend) capacity from $17M to $22M.
- Effective date September 29, 2022; maturities and other terms unchanged.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/69488/000095017022019269/0000950170-22-019269-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/69488/000095017022019269/mye-20220929.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-019269

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