secwatch.observer — SEC 8-K summary
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Issuer:     APTARGROUP, INC. (ATR)
CIK:        0000896622
Form:       8-K
Filed at:   2024-07-03T23:59:59+00:00
Accession:  0001104659-24-077768
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AptarGroup enters new credit agreement with $600M revolver and $330M term loan
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- New $330M unsecured term loan facility maturing July 2, 2027; revolving credit facility extended to July 2, 2029.
- Prior $600M revolving credit facility terminated without early termination penalty.
- Financial covenants: max consolidated leverage ratio 3.50x, min interest coverage 3.00x.
- Initial margins: term loan 1.125% over Term SOFR; revolver 1.00% over Term SOFR; pricing grids based on leverage and ratings.
- Up to $300M of additional commitments available subject to conditions and lender consent.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/896622/000110465924077768/0001104659-24-077768-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/896622/000110465924077768/tm2418768d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-077768

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer