secwatch.observer — SEC 8-K summary
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Issuer:     NU SKIN ENTERPRISES, INC. (NUS)
CIK:        0001021561
Form:       8-K
Filed at:   2022-06-17T23:59:59+00:00
Accession:  0001140361-22-023342
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nu Skin enters into $900M credit facility; $400M term loan + $500M revolver, 5-year term
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- New credit agreement provides a $400M term loan and a $500M revolving credit facility, each with a five-year term.
- On June 14, 2022, the Company drew the full term loan ($400M) and $30M on the revolver to repay all amounts outstanding under its prior credit agreement.
- Loans bear interest at Term SOFR plus an initial spread of 1.75% (term) or 2.00% (revolver), adjustable based on leverage ratio.
- Financial covenants require a consolidated leverage ratio ≤2.75x and interest coverage ratio ≥3.00x.
- The credit agreement includes customary events of default and restrictions on liens, indebtedness, investments, and dividends.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1021561/000114036122023342/0001140361-22-023342-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1021561/000114036122023342/brhc10038831_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-023342

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