secwatch.observer — SEC 8-K summary
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Issuer:     INCYTE CORP (INCY)
CIK:        0000879169
Form:       8-K
Filed at:   2021-08-20T23:59:59+00:00
Accession:  0001104659-21-108146
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Incyte enters $500M unsecured three-year revolving credit facility
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- Facility of $500M with J.P. Morgan as admin agent; matures in three years.
- Interest at base rate plus 0.125%-0.875% or Eurodollar rate plus 1.125%-1.875% based on leverage.
- Commitment fee on undrawn amount from 0.150% to 0.225% per annum.
- Financial covenant: maximum consolidated leverage ratio of 3.50 to 1.00.
- Incyte Holdings guarantees; additional material domestic subsidiaries may become guarantors.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/879169/000110465921108146/0001104659-21-108146-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/879169/000110465921108146/tm2125413d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-108146

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