secwatch.observer — SEC 8-K summary
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Issuer:     MODINE MANUFACTURING CO (MOD)
CIK:        0000067347
Form:       8-K
Filed at:   2022-10-13T23:59:59+00:00
Accession:  0001140361-22-037076
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Modine enters $275M revolver and $215M+ term loans maturing 2027
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- $275M senior secured revolver matures Oct 12, 2027; + $175M and €40M term loans.
- Quarterly principal installments of 1.25% per term loan starting Mar 31, 2023; balloon at maturity.
- Net leverage covenant max 3.25x (temporarily 3.75x for acquisitions); interest coverage min 3.00x.
- Amends/restates prior credit agreement originally maturing June 2024; lenders include JPMorgan as agent.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/67347/000114036122037076/0001140361-22-037076-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/67347/000114036122037076/brhc10042884_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-037076

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