---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-079109"
form_type: "8-K"
ticker: "OGN"
cik: "0001821825"
company_name: "Organon & Co."
filed_at: "2023-07-07T23:59:59+00:00"
generated_at: "2026-06-13T11:12:28.511069+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.15
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# Organon amends credit agreement to replace LIBOR with SOFR-based rates

## Summary
- Amendment replaces LIBOR with Adjusted Term SOFR in senior secured credit agreement dated June 2, 2021.
- No changes to principal amounts, interest rates, or maturity of existing loans.
- Amendment effective June 30, 2023; no lender objection received.

## SEC filing metadata
- accession: 0001104659-23-079109
- form_type: 8-K
- ticker: OGN
- cik: 0001821825
- company_name: Organon & Co.
- filed_at: 2023-07-07T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.15
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1821825/000110465923079109/0001104659-23-079109-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1821825/000110465923079109/tm2320737d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-079109
- JSON: https://secwatch.observer/filing/0001104659-23-079109.json
- Plain text: https://secwatch.observer/filing/0001104659-23-079109.txt

## Key facts
- Material Agreements
  Organon & Co. amended Amendment No. 1 with JPMorgan Chase Bank, N.A. (effective 2023-06-30).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A.
  - Effective: 2023-06-30
  source text: On June 30, 2023, Organon & Co. (the “ Company ”), as Lead Borrower, Organon Foreign Debt Co-Issuer B.V., as Co-Borrower, and certain subsidiaries of the Company as Loan Parties (the foregoing being collectively referred to herein as “ Organon ”) entered into Amendment No. 1 (“ Amendment No. 1 ”) to the Senior Secured Credit Agreement, dated as of June 2, 2021, by and among Organon and JPMorgan Chase Bank, N.A., as Administrative Agent and Collateral Agent (the “ Credit Agreement ” and as amended by Amendment No. 1, the “ Amended Agreement ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1821825/000110465923079109/0001104659-23-079109-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.