secwatch.observer — SEC 8-K summary
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Issuer:     PHIBRO ANIMAL HEALTH CORP (PAHC)
CIK:        0001069899
Form:       8-K
Filed at:   2023-06-16T23:59:59+00:00
Accession:  0001104659-23-072253
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Phibro Animal Health enters $50M incremental term loan amendment to credit agreement
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- Incurred $50M incremental term loans on June 16, 2023 under amended credit agreement.
- Proceeds used to repay revolving credit loans; quarterly payments of $1.25M begin Sep 30, 2023.
- Loans mature April 22, 2026; interest rates range from SOFR 2.00% to 2.75% based on leverage.
- Amendment adds a pricing grid tier and was executed by required lenders and the administrative agent.
- Existing guarantees and collateral continue to secure all obligations under the credit facility.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1069899/000110465923072253/0001104659-23-072253-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1069899/000110465923072253/tm2318884d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-072253

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