---
schema_version: "secwatch.filing_event.v1"
accession: "0001173514-23-000067"
form_type: "8-K"
ticker: "HY"
cik: "0001173514"
company_name: "HYSTER-YALE, INC."
filed_at: "2023-05-26T23:59:59+00:00"
generated_at: "2026-06-14T12:34:32.930189+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Hyster-Yale adds $25M FILO tranche, switches to SOFR in credit facility amendment

## Summary
- New $25.0 million FILO commitment established under revolving credit facility; fully utilized on closing.
- Benchmark rate for USD borrowings changed from LIBOR to Term SOFR.
- FILO loans bear interest at base rate +2.25% or Term SOFR +3.25%.
- FILO commitment amortizes at $4.17M/month starting Dec 1, 2023; terminates May 1, 2024.
- Total facility now $325M: domestic $210M, foreign $90M, plus FILO $25M.

## SEC filing metadata
- accession: 0001173514-23-000067
- form_type: 8-K
- ticker: HY
- cik: 0001173514
- company_name: HYSTER-YALE, INC.
- filed_at: 2023-05-26T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1173514/000117351423000067/0001173514-23-000067-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1173514/000117351423000067/hy-20230525.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001173514-23-000067
- JSON: https://secwatch.observer/filing/0001173514-23-000067.json
- Plain text: https://secwatch.observer/filing/0001173514-23-000067.txt

## Key facts
- Debt Financings
  HYSTER-YALE, INC. amended revolving credit of $25.0 million with Bank of America, N.A., as administrative agent and security trustee at Term SOFR plus 3.25% for Term SOFR loans; 2.25% for base rate loans maturing May 1, 2024.
  - Instrument: revolving credit
  - Principal: $25.0 million
  - Counterparty: Bank of America, N.A., as administrative agent and security trustee
  - Rate: Term SOFR plus 3.25% for Term SOFR loans; 2.25% for base rate loans
  - Maturity: May 1, 2024
  - Event: amendment
  source text: trustee, for its revolving credit facility (the “Facility”). As a result of the Amendment, among other items, (i) a new tranche of revolving loans with aggregate commitments of $25.0 million (the “FILO Commitments”) was established under the Facility and (ii) the benchmark interest rate for U.S. dollar-denominated borrowings under the Facility changed from LIBOR to
  evidence_url: https://www.sec.gov/Archives/edgar/data/1173514/000117351423000067/0001173514-23-000067-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.