{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-013059","form_type":"8-K","ticker":"MYE","cik":"0000069488","company_name":"MYERS INDUSTRIES INC","filed_at":"2024-02-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.688090+00:00","generated_at":"2026-06-06T05:02:17.320467+00:00","sec_items":["1.01","1.02","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Myers Industries enters $400M term loan for acquisition; repays $12M in senior notes","bullets":["Amended loan agreement adds $400M term loan facility to finance Strong Acquisition; $250M revolving facility also available.","Proceeds finance purchase price, refinance $12M Senior Series D Notes, and general corporate purposes; term loans mature in 5 years.","Prepaid $12M of 5.45% Senior Notes Series D in full, terminating the Note Purchase Agreement.","Net leverage ratio covenant set at max 4.00x initially, then 3.25x; interest margins increased to 1.775%-2.35% over SOFR."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-013059","json":"https://secwatch.observer/filing/0000950170-24-013059.json","markdown":"https://secwatch.observer/filing/0000950170-24-013059.md","text":"https://secwatch.observer/filing/0000950170-24-013059.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/69488/000095017024013059/0000950170-24-013059-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/69488/000095017024013059/mye-20240208.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T05:02:17.320467+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":"d34943e57f081fb55715e421d70825242e632ae6","claim":"MYERS INDUSTRIES INC incurred term loan of $400 million with JPMorgan Chase Bank, National Association, as administrative agent, and the lenders party thereto at 1.775% to 2.35% for Term SOFR, RFR, SONIA, EURIBOR and CORRA based loans and bet maturing fifth anniversary of the Amendment.","evidence_excerpt":"permit a new term loan facility (the “Term Loan Facility”) in the aggregate principal amount of $400 million (the “Term Loans”) as an Incremental Term Loan (as defined in the Existing Loan Agreement)","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/69488/000095017024013059/0000950170-24-013059-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$400 million"},{"label":"Counterparty","value":"JPMorgan Chase Bank, National Association, as administrative agent, and the lenders party thereto"},{"label":"Rate","value":"1.775% to 2.35% for Term SOFR, RFR, SONIA, EURIBOR and CORRA based loans and bet"},{"label":"Maturity","value":"fifth anniversary of the Amendment"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"dee2b7ea1b72676e5a1b59d999ec55b93801add7","claim":"MYERS INDUSTRIES INC amended credit facility with JPMorgan Chase Bank, National Association, as administrative agent, and the lenders party thereto at increase the applicable margins for the loans under the Amended Loan Agreement a.","evidence_excerpt":"increase the applicable margins for the loans under the Amended Loan Agreement and such increase shall range between 1.775% to 2.35% for Term SOFR, RFR, SONIA, EURIBOR and CORRA based loans and between 0.775% and 1.35% for base rate loans","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/69488/000095017024013059/0000950170-24-013059-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, National Association, as administrative agent, and the lenders party thereto"},{"label":"Rate","value":"increase the applicable margins for the loans under the Amended Loan Agreement a"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"c190a2bfafa40352ec208bcd5c2f3a6e75df5edf","claim":"MYERS INDUSTRIES INC amended Amendment No. 1 to Seventh Amended and Restated Loan Agreement with JPMorgan Chase Bank, National Association, as administrative agent, and the existing and new financial institutions party thereto as lenders valued at $400 million (effective 2024-02-08).","evidence_excerpt":"On February 8, 2024, Myers Industries, Inc. (the “Company”), MYE Canada Operations Inc. and Scepter Canada Inc., each as foreign subsidiary borrowers (together with the Company, collectively, the “Borrowers”) amended that certain Seventh Amended and Restated Loan Agreement, dated as of September 29, 2022, among the Borrowers, the other foreign subsidiary borrowers party thereto from time to time, JPMorgan Chase Bank, National Association, as administrative agent (the “Administrative Agent”), and the certain financial institutions party thereto as lenders (the “Existing Loan Agreement”) pursuant to the Amendment No. 1 to Seventh Amended and Restated Loan Agreement, dated as of February 8, 2024, among the Borrowers, the Administrative Agent, and the existing and new financial institutions party thereto as lenders (the “Amendment\", and the Existing Loan Agreement, as amended pursuant to the Amendment being referred to herein as the “Amended Loan Agreement”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/69488/000095017024013059/0000950170-24-013059-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, National Association, as administrative agent, and the existing and new financial institutions party thereto as lenders"},{"label":"Value","value":"$400 million"},{"label":"Effective","value":"2024-02-08"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}