{"schema_version":"secwatch.filing_event.v1","accession":"0001065696-23-000035","form_type":"8-K","ticker":"LKQ","cik":"0001065696","company_name":"LKQ CORP","filed_at":"2023-03-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:43.753603+00:00","generated_at":"2026-06-17T11:42:27.327148+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":"LKQ enters CAD 700M term loan facility to fund Uni-Select acquisition","bullets":["Unsecured term loan up to CAD 700M, matures 3 years from funding date, no amortization before maturity.","Proceeds to finance portion of cash consideration for Uni-Select acquisition and refinance certain Uni-Select debt.","Interest rate based on CDOR or Canadian Prime Rate plus spread (1.125%-1.75% Eurocurrency, 0.125%-0.750% Prime).","Covenants include total leverage ratio and interest coverage ratio; no limits on dividends or investments.","Certain U.S. domestic subsidiaries act as guarantors; commitment fee of 0.175% per annum on undrawn commitments."],"urls":{"canonical":"https://secwatch.observer/filing/0001065696-23-000035","json":"https://secwatch.observer/filing/0001065696-23-000035.json","markdown":"https://secwatch.observer/filing/0001065696-23-000035.md","text":"https://secwatch.observer/filing/0001065696-23-000035.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1065696/000106569623000035/0001065696-23-000035-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1065696/000106569623000035/lkq-20230327.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T11:42:27.327148+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":"b69643ba933491efcfdb91e88f8f783932ba58bf","claim":"LKQ CORP incurred term loan of CAD 700 million with Wells Fargo Bank, National Association at Eurocurrency Rate Spread ranges from 1.125% to 1.75%, and the Canadian Prime Rat maturing three years from the date of funding of the Term Loan.","evidence_excerpt":"Wells Fargo Bank, National Association (\"Wells Fargo Bank\"), as administrative agent; Bank of America, N.A.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1065696/000106569623000035/0001065696-23-000035-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"CAD 700 million"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association"},{"label":"Rate","value":"Eurocurrency Rate Spread ranges from 1.125% to 1.75%, and the Canadian Prime Rat"},{"label":"Maturity","value":"three years from the date of funding of the Term Loan"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"977f4ac12cd5fae255f9b8f7bf55d1f5a998fa9e","claim":"LKQ CORP entered into Term Loan Credit Agreement with several lenders from time to time party thereto as Lenders; Wells Fargo Bank, National Association, as administrative agent; Bank of America, N.A., as syndication agent; Capital One Bank, N.A., MUFG Bank, Ltd., PNC Bank, National Association and Truist Bank as Documentation Agents; BofA Securities, valued at up to CAD 700 million (effective 2023-03-27).","evidence_excerpt":"On March 27, 2023, LKQ Corporation (\"LKQ\" or the \"Company\") entered into a new term loan credit agreement (the \"Term Loan Credit Agreement\") with several lenders from time to time party thereto as Lenders (the \"Lenders\"); Wells Fargo Bank, National Association (\"Wells Fargo Bank\"), as administrative agent; Bank of America, N.A. (\"Bank of America\"), as syndication agent; Capital One Bank, N.A., MUFG Bank, Ltd., PNC Bank, National Association and Truist Bank as Documentation Agents; BofA Securities, Inc., and Wells Fargo Securities, LLC, Capital One Bank, N.A., MUFG Bank, Ltd., PNC Capital Markets LLC and Truist Securities, Inc. as joint bookrunners and joint lead arrangers.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1065696/000106569623000035/0001065696-23-000035-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"several lenders from time to time party thereto as Lenders; Wells Fargo Bank, National Association, as administrative agent; Bank of America, N.A., as syndication agent; Capital One Bank, N.A., MUFG Bank, Ltd., PNC Bank, National Association and Truist Bank as Documentation Agents; BofA Securities,"},{"label":"Value","value":"up to CAD 700 million"},{"label":"Effective","value":"2023-03-27"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}