secwatch.observer — SEC 8-K summary
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Issuer:     Core Laboratories Inc. /DE/ (CLB)
CIK:        0001958086
Form:       8-K
Filed at:   2023-05-05T23:59:59+00:00
Accession:  0000950170-23-018053
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Core Labs issues $50M in senior secured notes at 7.25%-7.50% to refinance debt
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- $25M of 7.25% notes due 2028 and $25M of 7.50% notes due 2030 placed privately.
- Net proceeds to pay down existing credit facility and toward 2011 Senior Notes due Sept 2023.
- Notes are senior secured, rank pari passu with existing senior debt; covenants include coverage and leverage ratios.
- Closing expected on or about June 28, 2023; interest payable semi-annually starting Sept 28, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1958086/000095017023018053/0000950170-23-018053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1958086/000095017023018053/clb-20230504.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-018053

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