secwatch.observer — SEC 8-K summary
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Issuer:     STEPAN CO (SCL)
CIK:        0000094049
Form:       8-K
Filed at:   2024-08-28T23:59:59+00:00
Accession:  0000950170-24-101222
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stepan amends note purchase agreements; increases facility capacity and extends issuance period to 2027
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- Prudential NPA facility increased to $225M; issuance period extended to Aug 27, 2027.
- NYL NPA facility increased to $175M from $125M; issuance period extended to Aug 27, 2027.
- Total combined borrowing capacity under both facilities raised to $400M.
- Existing $275M in outstanding senior notes (2.30%-2.83% due 2028-2032) unchanged.
- Stepan paid $25K structuring fee to each of Prudential and NYL.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/94049/000095017024101222/0000950170-24-101222-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/94049/000095017024101222/scl-20240827.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-101222

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