secwatch.observer — SEC 8-K summary
======================================

Issuer:     ACCO BRANDS Corp (ACCO)
CIK:        0000712034
Form:       8-K
Filed at:   2022-11-07T23:59:59+00:00
Accession:  0000950170-22-022635
Event type: debt
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ACCO Brands amends credit agreement, temporarily raises leverage covenant to 5.00x
--------------------------------------------------------------------------------

- Sixth Amendment to Credit Agreement executed Nov 7, 2022; eases leverage constraints through 2023.
- Max leverage ratios: 4.50x (Dec 2022), 5.00x (Mar/Jun 2023), 4.75x (Sep 2023), 4.25x (Dec 2023).
- Post-2023: 4.50x for Q1/Q2, 4.00x for Q3/Q4; acquisition step-ups capped at 5.00x.
- Reference rate switched from LIBOR to SOFR; removed anti-cash hoarding provision.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/712034/000095017022022635/0000950170-22-022635-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/712034/000095017022022635/acco-20221107.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-022635

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer