secwatch.observer — SEC 8-K summary
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Issuer:     KIRBY CORP (KEX)
CIK:        0000056047
Form:       8-K
Filed at:   2023-01-20T23:59:59+00:00
Accession:  0000950170-23-000967
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Kirby issues remaining $240M of 3.51% Series B Notes due 2033
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- Issued $240M Series B Notes (3.51% fixed rate) on Jan 19, 2023, completing $300M total offering.
- Series A Notes ($60M at 3.46%) were issued Oct 20, 2022; no principal due until maturity.
- Semi-annual interest payments begin Jan 19, 2023 at $525K, then $5.25M per payment.
- Proceeds used to repay 3.29% senior notes due Feb 27, 2023, along with revolving credit facility.
- Covenants include interest coverage, debt-to-capitalization, and standard default provisions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/56047/000095017023000967/0000950170-23-000967-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/56047/000095017023000967/kex-20230119.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-000967

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