secwatch.observer — SEC 8-K summary
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Issuer:     Elanco Animal Health Inc (ELAN)
CIK:        0001739104
Form:       8-K
Filed at:   2025-06-26T23:59:59+00:00
Accession:  0001104659-25-063027
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Elanco extends receivables securitization facility to June 2028
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- Term extended from August 3, 2026 to June 26, 2028 via First Amendment to Receivables Loan Agreement.
- Amendments include updated Normal Concentration Percentages for Obligor categories and reporting date flexibility.
- Covenant triggers revised: default ratio >2.00%, dilution ratio >2.75%, delinquency ratio >3.00%, DSO >70 days.
- Elanco Animal Health Inc. reaffirms its role as performance guarantor; facility size undisclosed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1739104/000110465925063027/0001104659-25-063027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1739104/000110465925063027/tm2518758d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-063027

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