{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-22-126340","form_type":"8-K","ticker":"RBA","cik":"0001046102","company_name":"RB GLOBAL INC.","filed_at":"2022-12-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:49.396703+00:00","generated_at":"2026-06-21T05:55:24.747584+00:00","sec_items":["1.01","2.03","8.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Ritchie Bros. secures up to $1.825B term loan A and amends credit facility for IAA merger","bullets":["Obtained commitments for a $1.825B term loan A facility to finance the proposed IAA merger.","Backstop revolving commitments terminated; senior secured bridge facility reduced to ~$886M.","Ability to borrow up to $200M of the revolving facility on limited conditionality basis.","Consolidated leverage ratio covenant steps down from 4.50x to 3.50x over 13 quarters post-close.","Interest margin increases by 0.25% if $800M senior unsecured notes not issued before closing."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-22-126340","json":"https://secwatch.observer/filing/0001104659-22-126340.json","markdown":"https://secwatch.observer/filing/0001104659-22-126340.md","text":"https://secwatch.observer/filing/0001104659-22-126340.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1046102/000110465922126340/0001104659-22-126340-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1046102/000110465922126340/tm2232441d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T05:55:24.747584+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":"542ce7bc60145fd4934d180b5c64b0aea5862cf1","claim":"RB GLOBAL INC. incurred term loan of up to $1.825 billion with Bank of America, N.A., as administrative agent at a rate per annum equal to, (A) for U.S. dollar borrowings, either a base rate, a maturing not explicit.","evidence_excerpt":"provides commitments for a term loan A facility in an aggregate principal amount of up to $1.825 billion (the “TLA Facility”) to be used to finance, in part, the IAA merger","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1046102/000110465922126340/0001104659-22-126340-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"up to $1.825 billion"},{"label":"Counterparty","value":"Bank of America, N.A., as administrative agent"},{"label":"Rate","value":"a rate per annum equal to, (A) for U.S. dollar borrowings, either a base rate, a"},{"label":"Maturity","value":"not explicit"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"cb0748fba53d03c543203741b2fb755d33a3da9e","claim":"RB GLOBAL INC. amended Sixth Amendment with Bank of America, N.A., as administrative agent, U.S. swing line lender and a letter of credit issuer and the other lenders party thereto (effective 2022-12-09).","evidence_excerpt":"On December 9, 2022, Ritchie Bros. Auctioneers Incorporated (the “Company”) entered into a sixth amendment (the “Sixth Amendment”) to the Credit Agreement","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1046102/000110465922126340/0001104659-22-126340-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Bank of America, N.A., as administrative agent, U.S. swing line lender and a letter of credit issuer and the other lenders party thereto"},{"label":"Effective","value":"2022-12-09"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}