secwatch.observer — SEC 8-K summary
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Issuer:     Grocery Outlet Holding Corp. (GO)
CIK:        0001771515
Form:       8-K
Filed at:   2023-02-23T23:59:59+00:00
Accession:  0001104659-23-024754
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Grocery Outlet enters $700M senior secured credit facilities, repays prior debt
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- New credit agreement provides $300M term loan and $400M revolving credit facility, both maturing February 21, 2028.
- At closing, the term loan was fully borrowed and $25M of the revolver was drawn; prior 2018 credit agreement repaid and terminated.
- Interest at base rate or Term SOFR plus margin; financial covenants include max total net leverage and min interest coverage.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1771515/000110465923024754/0001104659-23-024754-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1771515/000110465923024754/tm236824d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-024754

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer