secwatch.observer — SEC 8-K summary
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Issuer:     RTX Corp (RTX)
CIK:        0000101829
Form:       8-K
Filed at:   2023-10-25T23:59:59+00:00
Accession:  0001140361-23-049417
Event type: other_material
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RTX launches $10B accelerated share repurchase and $10B bridge loan
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- ASR agreements with Morgan Stanley, Citibank, Goldman Sachs for $10B aggregate; initial delivery of ~108.45M shares on Oct 26, 2023.
- Final share count based on VWAP during calculation period; final settlement by Q3 2024.
- Bridge Credit Agreement provides $10B senior unsecured loan to fund ASR; matures 364 days after funding date.
- Borrowings bear interest at SOFR plus 100-137.5 bps (or alternate base rate plus 0-37.5 bps), with step-ups and duration fees after 90/180/270 days.
- Board authorized share repurchase on Oct 21, 2023; company intends to refinance bridge with long-term debt.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/101829/000114036123049417/0001140361-23-049417-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/101829/000114036123049417/ny20012953x1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-049417

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