secwatch.observer — SEC 8-K summary
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Issuer:     W.W. GRAINGER, INC. (GWW)
CIK:        0000277135
Form:       8-K
Filed at:   2023-10-12T23:59:59+00:00
Accession:  0001104659-23-108856
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Grainger enters $1.25B revolver, replacing prior facility; maturity extended to 2028
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- New $1.25B unsecured revolving credit facility, expandable to $1.875B, matures Oct 11, 2028 with two one-year extension options.
- Replaces prior $1.25B facility (Feb 2020) that was terminated on Oct 11, 2023, which had maturity of Feb 2025.
- Interest rate based on debt rating: e.g., at AA-/Aa3, term loans at SOFR+0.58% and facility fee of 0.045%.
- Borrowings available in USD, EUR, GBP, CAD, and other approved currencies; customary covenants and events of default apply.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/277135/000110465923108856/0001104659-23-108856-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/277135/000110465923108856/tm2328304d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-108856

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