{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-22-026409","form_type":"8-K","ticker":"AWI","cik":"0000007431","company_name":"ARMSTRONG WORLD INDUSTRIES INC","filed_at":"2022-12-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:53.473634+00:00","generated_at":"2026-06-21T06:29:14.607191+00:00","sec_items":["1.01","1.02","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Armstrong World Industries enters $950M credit facility; refinances existing debt","bullets":["Enters Second Amended Credit Agreement with $500M revolver and $450M term loan, both maturing Dec 7, 2027.","Borrowed full $450M term loan and $215M under revolver to repay all outstanding debt under prior 2016 credit agreement.","Interest rate: Term SOFR plus 1.625% initially, subject to adjustment based on leverage ratio; commitment fee 0.20% on unused revolver.","Term loan requires quarterly principal payments starting Mar 31, 2024 at 1.25% per quarter of original principal.","Covenants restrict additional debt, dividends, investments, and require compliance with financial ratio maintenance."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-22-026409","json":"https://secwatch.observer/filing/0000950170-22-026409.json","markdown":"https://secwatch.observer/filing/0000950170-22-026409.md","text":"https://secwatch.observer/filing/0000950170-22-026409.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/7431/000095017022026409/0000950170-22-026409-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/7431/000095017022026409/awi-20221207.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T06:29:14.607191+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":"527ada65a7cd25f2270abf694e484a9866bc24c2","claim":"ARMSTRONG WORLD INDUSTRIES INC incurred term loan of $450 million with Bank of America, N.A. at Term SOFR plus 1.625% (initial) maturing December 7, 2027.","evidence_excerpt":"The Second Amended and Restated Credit Agreement provides AWI with a $500 million revolving credit facility (the “Revolving Credit Facility”), with sublimits for letters of credit and swing line loans, and a $450 million term loan (the “Term Loan”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/7431/000095017022026409/0000950170-22-026409-index.htm","confidence":1.0,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$450 million"},{"label":"Counterparty","value":"Bank of America, N.A."},{"label":"Rate","value":"Term SOFR plus 1.625% (initial)"},{"label":"Maturity","value":"December 7, 2027"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"a70069edccf5f2e4809ab04bc2e2db0760853bd5","claim":"ARMSTRONG WORLD INDUSTRIES INC incurred revolving credit of $500 million with Bank of America, N.A. at Term SOFR plus 1.625% (initial) maturing December 7, 2027.","evidence_excerpt":"The Second Amended and Restated Credit Agreement provides AWI with a $500 million revolving credit facility (the “Revolving Credit Facility”), with sublimits for letters of credit and swing line loans, and a $450 million term loan (the “Term Loan”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/7431/000095017022026409/0000950170-22-026409-index.htm","confidence":1.0,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$500 million"},{"label":"Counterparty","value":"Bank of America, N.A."},{"label":"Rate","value":"Term SOFR plus 1.625% (initial)"},{"label":"Maturity","value":"December 7, 2027"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"ccc10e0bde93886c251932c8d407000d4f49ae66","claim":"ARMSTRONG WORLD INDUSTRIES INC amended Second Amended and Restated Credit Agreement with Bank of America, N.A., as the administrative agent, the collateral agent, a letter of credit issuer and the swing line lender, Citizens Bank, N.A., Manufacturers & Traders Trust Company, PNC Bank, National Association, TD Bank, N.A., and Truist Bank, as co-syndication agents, JPMorgan Chase Bank, N. valued at $500 million revolving credit facility and $450 million term loan (effective 2022-12-07).","evidence_excerpt":"On December 7, 2022 (the “Closing Date”), Armstrong World Industries, Inc. (“AWI”) entered into a second amended and restated credit agreement (the “Second Amended and Restated Credit Agreement”), by and among AWI, certain subsidiaries of AWI identified therein as guarantors, Bank of America, N.A., as the administrative agent, the collateral agent, a letter of credit issuer and the swing line lender, Citizens Bank, N.A., Manufacturers & Traders Trust Company, PNC Bank, National Association, TD Bank, N.A., and Truist Bank, as co-syndication agents, JPMorgan Chase Bank, N.A., The Bank of Nova Scotia, and First National Bank of Pennsylvania, as co-documentation agents, BofA Securities, Inc., Citizens Bank, N.A., Manufacturers & Traders Trust Company, PNC Capital Markets, LLC, TD Bank, N.A., and Truist Securities, Inc., as joint lead arrangers and joint bookrunners and the other lenders and letter of credit issuers party thereto.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/7431/000095017022026409/0000950170-22-026409-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Bank of America, N.A., as the administrative agent, the collateral agent, a letter of credit issuer and the swing line lender, Citizens Bank, N.A., Manufacturers & Traders Trust Company, PNC Bank, National Association, TD Bank, N.A., and Truist Bank, as co-syndication agents, JPMorgan Chase Bank, N."},{"label":"Value","value":"$500 million revolving credit facility and $450 million term loan"},{"label":"Effective","value":"2022-12-07"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}