secwatch.observer — SEC 8-K summary
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Issuer:     Magnera Corp (MAGN)
CIK:        0000041719
Form:       8-K
Filed at:   2023-02-21T23:59:59+00:00
Accession:  0001104659-23-023554
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Glatfelter enters €250M term loan facility with Angelo Gordon at 11.25% interest
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- €250M senior secured term loan facility from Angelo Gordon; 6-year term, 11.25% fixed rate.
- Proceeds to refinance existing term loan, for working capital and general corporate purposes.
- Prepayment premiums: make-whole first 18 months, then 5.5% (months 19-36), 2.75% (months 37-48), thereafter par.
- Collateral: first priority on foreign assets, second priority on domestic assets; guarantees from domestic and foreign subsidiaries.
- Interest may be paid in kind (5% PIK) for first two years at borrower's election.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/41719/000110465923023554/0001104659-23-023554-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/41719/000110465923023554/tm237385d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-023554

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