{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-063008","form_type":"8-K","ticker":"OGN","cik":"0001821825","company_name":"Organon & Co.","filed_at":"2024-05-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.389144+00:00","generated_at":"2026-06-01T16:43:42.460183+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Organon issues $1B in senior notes, amends credit facilities to extend maturities and reduce rates","bullets":["Issued $500M 6.750% senior secured notes due 2034 and $500M 7.875% unsecured notes due 2034.","Net proceeds to repay a portion of existing Dollar Term Facility borrowings.","Term loan maturity extended to May 2031; revolving facility extended to Dec 2027 and increased by $300M to $1.3B.","Interest rate on remaining $1.55B term loans reduced from Term SOFR+3.0% to Term SOFR+2.50%.","Revolving facility commitment fee reduced to 0.375%."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-063008","json":"https://secwatch.observer/filing/0001104659-24-063008.json","markdown":"https://secwatch.observer/filing/0001104659-24-063008.md","text":"https://secwatch.observer/filing/0001104659-24-063008.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1821825/000110465924063008/0001104659-24-063008-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1821825/000110465924063008/tm2414822d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T16:43:42.460183+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"8172e6e35c80a8e5427748f550c586ecf640d7fc","claim":"Organon & Co. entered into Indentures for 6.750% Senior Secured Notes due 2034 and 7.875% Senior Unsecured Notes due 2034 with U.S. Bank Trust Company, National Association valued at two series of notes totaling $1,000,000,000 principal amount: $500,000,000 6.750% senior secured not (effective 2024-05-17).","evidence_excerpt":"On May 17, 2024, Organon & Co. (the “ Company ”) and Organon Foreign Debt Co-Issuer B.V., a Dutch private limited liability company ( besloten vennootschap met beperkte aansprakelijkheid ) and wholly-owned subsidiary of Organon (the “ Co-Issuer ”, and together with the Company, the “ Companies ”), closed their previously announced private offering (the “ Notes Offering ”) of $500 million of 6.750% senior secured notes due 2034 (the “ Secured Notes ”) and $500 million of 7.875% senior unsecured notes due 2034 (the “ Unsecured Notes ” and, together with the Secured Notes, the “ Notes ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1821825/000110465924063008/0001104659-24-063008-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Value","value":"two series of notes totaling $1,000,000,000 principal amount: $500,000,000 6.750% senior secured not"},{"label":"Effective","value":"2024-05-17"}]},{"claim_id":"9026942894e70f6a8d55cc8c3b2fc6505761f009","claim":"Organon & Co. entered into Amendment No. 2 to Senior Secured Credit Agreement and Amendment to Security Agreement with JPMorgan Chase Bank, N.A., as administrative agent and collateral agent valued at amendment to existing senior secured credit facilities: extended maturity of Dollar Term Facility to (effective 2024-05-17).","evidence_excerpt":"On May 17, 2024, the Companies entered into Amendment No. 2 to Senior Secured Credit Agreement and Amendment to Security Agreement (the “ Credit Agreement Amendment ”), by and among the Companies as borrowers, the Subsidiary Guarantors, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent and collateral agent.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1821825/000110465924063008/0001104659-24-063008-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as administrative agent and collateral agent"},{"label":"Value","value":"amendment to existing senior secured credit facilities: extended maturity of Dollar Term Facility to"},{"label":"Effective","value":"2024-05-17"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}