{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-22-020712","form_type":"8-K","ticker":"MEI","cik":"0000065270","company_name":"METHODE ELECTRONICS INC","filed_at":"2022-11-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:53.271025+00:00","generated_at":"2026-06-22T19:50:32.278374+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Methode Electronics enters new $750M credit agreement, extends maturity to 2027","bullets":["New $750M multicurrency revolving credit facility replaces existing agreement, term loan terminated.","Maturity date extended to October 31, 2027.","Interest rates: SOFR plus 1.375%-2.25% or base rate plus 0.375%-1.25%, depending on leverage ratio.","Approximately $200M of revolving loans outstanding at closing; proceeds used to refinance existing debt."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-22-020712","json":"https://secwatch.observer/filing/0000950170-22-020712.json","markdown":"https://secwatch.observer/filing/0000950170-22-020712.md","text":"https://secwatch.observer/filing/0000950170-22-020712.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/65270/000095017022020712/0000950170-22-020712-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/65270/000095017022020712/mei-20221031.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T19:50:32.278374+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":"bbb069a8ecd4755ea62f2e44084f0e75faa3cd41","claim":"METHODE ELECTRONICS INC entered into Credit Agreement with Bank of America, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer, and the Lenders and other parties named therein valued at $750,000,000 (effective 2022-10-31).","evidence_excerpt":"On October 31, 2022, Methode Electronics, Inc. (the “Company”) entered into a Second Amended and Restated Credit Agreement (the “Credit Agreement”) among the Company, Bank of America, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer, and the Lenders and other parties named therein.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/65270/000095017022020712/0000950170-22-020712-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Bank of America, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer, and the Lenders and other parties named therein"},{"label":"Value","value":"$750,000,000"},{"label":"Effective","value":"2022-10-31"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}