{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-25-030050","form_type":"8-K","ticker":"ABM","cik":"0000771497","company_name":"ABM INDUSTRIES INC /DE/","filed_at":"2025-02-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:06.320267+00:00","generated_at":"2026-05-26T00:42:16.351146+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"ABM enters $2.2B credit facility with $1.6B revolver, $600M term loan, maturing 2030","bullets":["Total commitments: $1.6B revolving credit and $600M term loan, five-year term maturing Feb 26, 2030.","Borrowings bear interest at Term SOFR or base rate plus margin based on total net leverage ratio.","Financial covenants: max total net leverage 5.00x, max secured net leverage 4.00x, min interest coverage 1.50x.","Proceeds used to refinance original credit agreement, pay down revolving debt, and cover transaction costs.","Obligations guaranteed by material domestic subs and secured by substantially all assets of ABM and guarantors."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-25-030050","json":"https://secwatch.observer/filing/0000950170-25-030050.json","markdown":"https://secwatch.observer/filing/0000950170-25-030050.md","text":"https://secwatch.observer/filing/0000950170-25-030050.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/771497/000095017025030050/0000950170-25-030050-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/771497/000095017025030050/abm-20250226.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-26T00:42:16.351146+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":"0a057a3b1be69b3c184e62a0d029cf1c5b8ec22c","claim":"ABM INDUSTRIES INC /DE/ incurred term loan of $600 million with Bank of America, N.A. maturing February 26, 2030.","evidence_excerpt":"an aggregate principal amount of commitments under the term facility of $600 million","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/771497/000095017025030050/0000950170-25-030050-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$600 million"},{"label":"Counterparty","value":"Bank of America, N.A."},{"label":"Maturity","value":"February 26, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"bcfad5e8feb66cfe56139d1a9585a2ddc1c7f1b5","claim":"ABM INDUSTRIES INC /DE/ incurred credit facility of $1.6 billion with Bank of America, N.A. maturing February 26, 2030.","evidence_excerpt":"the Credit Agreement provides for an aggregate principal amount of commitments under the dollar and multicurrency revolving credit facilities of $1.6 billion","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/771497/000095017025030050/0000950170-25-030050-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$1.6 billion"},{"label":"Counterparty","value":"Bank of America, N.A."},{"label":"Maturity","value":"February 26, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}