secwatch.observer — SEC 8-K summary
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Issuer:     GREENHILL & CO INC (—)
CIK:        0001282977
Form:       8-K
Filed at:   2023-09-01T23:59:59+00:00
Accession:  0001140361-23-042427
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

Greenhill refinances $270M term loan with Mizuho note at lower SOFR+2.25% rate
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- Entered secured promissory note with Mizuho Bank Ltd. for $276M to repay existing $270M term loan.
- Interest rate is one-month SOFR plus 2.25%, 100 bps lower than the prior credit agreement.
- Maturity date April 12, 2024, extendable to June 11, 2024 if the Mizuho merger has not closed.
- Existing credit agreement terminated; new note has no restrictive covenants but is secured.
- Merger with Mizuho at $15/share all-cash expected to close by year-end 2023, pending regulatory approvals.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1282977/000114036123042427/0001140361-23-042427-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1282977/000114036123042427/brhc20058357_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-042427

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