{"schema_version":"secwatch.filing_event.v1","accession":"0001003078-22-000179","form_type":"8-K","ticker":"MSM","cik":"0001003078","company_name":"MSC INDUSTRIAL DIRECT CO INC","filed_at":"2022-12-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:49.157813+00:00","generated_at":"2026-06-21T01:19:31.150146+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"MSC Industrial Direct enters $300M receivables purchase facility","bullets":["Receivables Purchase Agreement for up to $300M committed senior secured revolving trade receivables facility, dated Dec 19, 2022.","Pricing based on 1-month Term SOFR plus a margin; facility includes financial covenants: max leverage 3.00x, interest coverage >3.00x.","Seller is MSC A/R Holding Co.; originator is Sid Tool Co.; Wells Fargo is admin agent; Bank of America and Regions Bank are purchasers and also lenders under existing revolving credit facility.","Facility used to sell trade receivables; proceeds support working capital and general corporate purposes."],"urls":{"canonical":"https://secwatch.observer/filing/0001003078-22-000179","json":"https://secwatch.observer/filing/0001003078-22-000179.json","markdown":"https://secwatch.observer/filing/0001003078-22-000179.md","text":"https://secwatch.observer/filing/0001003078-22-000179.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1003078/000100307822000179/0001003078-22-000179-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1003078/000100307822000179/msm-20221219x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T01:19:31.150146+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":"ca7fb4e6d241371a0493c9736d4adeff35ef3bc3","claim":"MSC INDUSTRIAL DIRECT CO INC entered into Receivables Facility with Wells Fargo Bank, National Association, as administrative agent, and Sid Tool Co., Inc., as originator valued at $300.0 million (effective 2022-12-19).","evidence_excerpt":"Additionally, MSC A/R also entered into a Receivables Sale Agreement, dated as of December 19, 2022 (the “RSA” and, together with the RPA, collectively the “Receivables Facility”), by and between MSC A/R, as buyer and Sid Tool Co., Inc., a wholly owned subsidiary of the Company (“Sid Tool”), as originator. The Receivables Facility is a committed senior secured revolving trade receivables facility in an initial aggregate amount of $300.0 million.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1003078/000100307822000179/0001003078-22-000179-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association, as administrative agent, and Sid Tool Co., Inc., as originator"},{"label":"Value","value":"$300.0 million"},{"label":"Effective","value":"2022-12-19"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}