secwatch.observer — SEC 8-K summary
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Issuer:     Magnera Corp (MAGN)
CIK:        0000041719
Form:       8-K
Filed at:   2023-03-31T23:59:59+00:00
Accession:  0001104659-23-039749
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Glatfelter enters €250M term loan at 11.25% and amends revolver to $250M
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- New €250M senior secured term loan facility with 6-year maturity, interest at 11.25% per annum.
- Amended revolving credit facility increased to $250M, maturing September 2, 2026.
- Term loan proceeds used to refinance existing debt and for general corporate purposes.
- Revolver bears interest based on Term SOFR/SONIA/CDOR/EURIBOR plus spread of 350-500 bps.
- Both facilities secured by first/second priority liens on assets of Glatfelter and subsidiaries.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/41719/000110465923039749/0001104659-23-039749-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/41719/000110465923039749/tm2310835d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-039749

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