secwatch / observer
8-K filed December 14, 2023, 6:59 PM ET CIK 0001571371
debt confidence high sentiment neutral materiality 0.70

Summit Materials, LLC: debt financing — Summit Materials issues $800M 7.250% Senior Notes due 2031 to fund Argos deal

Summit Materials, LLC

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Summit Materials, LLC incurred senior notes of $800.0 million aggregate principal amount with Wilmington Trust, National Association at 7.250% per year maturing January 15, 2031.

Instrument
senior notes
Principal
$800.0 million aggregate principal amount
Counterparty
Wilmington Trust, National Association
Rate
7.250% per year
Maturity
January 15, 2031
Event
incurrence
Exact text from the filing
Summit Materials, LLC (the “Company”) and Summit Materials Finance Corp. (together with the Company, the “Issuers”), indirect subsidiaries of Summit Materials, Inc., issued and sold $800.0 million aggregate principal amount of their 7.250% Senior Notes due 2031 (the “Notes”), which mature on January 15, 2031, pursuant to an indenture dated as of December 14, 2023
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.98

Summit Materials, LLC entered into Indenture with Wilmington Trust, National Association valued at $800.0 million (effective 2023-12-14).

Action
entry
Agreement
notes offering
Counterparty
Wilmington Trust, National Association
Value
$800.0 million
Effective
2023-12-14
Exact text from the filing
On December 14, 2023, Summit Materials, LLC (the “Company”) and Summit Materials Finance Corp. (together with the Company, the “Issuers”), indirect subsidiaries of Summit Materials, Inc., issued and sold $800.0 million aggregate principal amount of their 7.250% Senior Notes due 2031 (the “Notes”), which mature on January 15, 2031, pursuant to an indenture dated as of December 14, 2023, by and among the Issuers, the subsidiary guarantors named on the signature pages thereto (the “Guarantors”) and Wilmington Trust, National Association, as trustee (the “Trustee”) (the “Indenture”).
View on SEC.gov

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Source: SEC EDGAR
accession 0001104659-23-126049
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